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BackAug 09, 2018

 

Type Announcement
Subject OTHERS
Description

GAMUDA BERHAD ("GAMUDA" OR "COMPANY")

CONSOLIDATION OF THE SELANGOR WATER INDUSTRY

PROPOSED PURCHASE OF 100% EQUITY IN SYARIKAT PENGELUAR AIR SUNGAI SELANGOR SDN BHD ("SPLASH") BY PENGURUSAN AIR SELANGOR SDN BHD ("AIR SELANGOR")

Reference is made to the earlier announcement dated 3 August 2018 in relation to Air Selangor’s proposed purchase of 100% equity in SPLASH (“Offer”). Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid announcement.

On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that Gamuda’s associated company, SPLASH Holdings, has resolved to accept the Offer from Air Selangor.

SPLASH Holdings expects to commence negotiations with Air Selangor to finalise the terms and conditions for the sale and purchase of SPLASH through a share purchase agreement (“SPA”) to be executed by the parties. Both Air Selangor and SPLASH Holdings are expected to finalise the terms and conditions of the SPA by 14 September 2018 and an appropriate announcement will be released in due course upon the execution of the SPA.

This announcement is dated 9 August 2018.

 


Announcement Info

Company Name GAMUDA BERHAD
Stock Name GAMUDA
Date Announced 09 Aug 2018
Category General Announcement for PLC
Reference Number GA1-09082018-00086