Bursa Announcements
News
Proposed Investment Of 30% Equity Stake In ERS Energy Sdn Bhd [Co. Regn. No. 200901027252 (870354-K)] ("ERS Energy")
Jan 16, 2023
Type
Announcement
Subject
OTHERS
Description
PROPOSED INVESTMENT OF 30% EQUITY STAKE IN ERS ENERGY SDN BHD [CO. REGN. NO. 200901027252 (870354-K)] ("ERS ENERGY")
We refer to the announcement dated 7 December 2022 in relation to the Company’s proposed subscription of a total of 4,285,714 new ordinary shares (“Subscription Shares”) representing 30% equity interest in ERS Energy, for a total cash consideration of RM200 million.
The Board of Directors of Gamuda Berhad wishes to inform that the Company’s first tranche of Subscription Shares at RM80 million has been completed on 16 January 2023. Consequently, with the completion of the first tranche share subscription and allotment, ERS Energy has become an associate company of Gamuda Berhad.
The balance of RM120 million will be determined at a later stage based on ERS Energy’s funding requirement.
This is a voluntary announcement under Paragraph 10.05(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
This announcement is dated 16 January 2023.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
16 Jan 2023
Category
General Announcement for PLC
Reference Number
GA1-16012023-00026
| Type | Announcement |
| Subject | OTHERS |
| Description |
PROPOSED INVESTMENT OF 30% EQUITY STAKE IN ERS ENERGY SDN BHD [CO. REGN. NO. 200901027252 (870354-K)] ("ERS ENERGY") |
|
We refer to the announcement dated 7 December 2022 in relation to the Company’s proposed subscription of a total of 4,285,714 new ordinary shares (“Subscription Shares”) representing 30% equity interest in ERS Energy, for a total cash consideration of RM200 million.
The Board of Directors of Gamuda Berhad wishes to inform that the Company’s first tranche of Subscription Shares at RM80 million has been completed on 16 January 2023. Consequently, with the completion of the first tranche share subscription and allotment, ERS Energy has become an associate company of Gamuda Berhad.
The balance of RM120 million will be determined at a later stage based on ERS Energy’s funding requirement.
This is a voluntary announcement under Paragraph 10.05(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
This announcement is dated 16 January 2023. |
|
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 16 Jan 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16012023-00026 |