Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions

Feb 10, 2014
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description PROPOSED ACQUISITION BY GAMUDA BERHAD (“GAMUDA”) OF THE REMAINING 70% EQUITY INTEREST IN KESAS HOLDINGS BERHAD (“KESAS HOLDINGS”) NOT HELD BY GAMUDA (“PROPOSED ACQUISITION”)

We refer to the announcements dated 4 November 2013, 18 November 2013, 18 December 2013, 23 December 2013, 30 December 2013 and 16 January 2014 in relation to the Proposed Acquisition.


On behalf of Gamuda, CIMB Investment Bank Berhad regretfully wish to announce that, despite best endeavors by Gamuda, the acceptance by Pemodalan Nasional Berhad (“PNB”) for the acquisition of up to 20% equity interest in Kesas Holdings has lapsed following the inability of PNB and Gamuda to execute a definitive agreement.

Nevertheless, Gamuda will continue to use its best efforts to obtain the acceptance from PNB and Perbadanan Kemajuan Negeri Selangor for the take-over offer to be made by Gamuda upon the proposed acquisition from Amcorp Properties Berhad becoming unconditional.

This announcement is dated 10 February 2014.

 


Announcement Info

Company Name GAMUDA BERHAD  
Stock Name GAMUDA    
Date Announced 10 Feb 2014  
Category General Announcement
Reference No MM-140210-59836