Bursa Announcements
News
Others
Aug 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
| 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 |