Bursa Announcements
News
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")
Apr 24, 2019
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 announcements dated 3 August 2018, 9 August 2018, 14 September 2018, 28 September 2018, 17 December 2018, 27 February 2019, 29 March 2019 and 15 April 2019 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 announcements.
On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad wishes to announce that the Conditions Precedent in the SPA has been fulfilled on 22 April 2019 and the Offer has now become unconditional.
Following the above, SPLASH Holdings, being a 40% owned company of Gamuda, had on 24 April 2019 received the Upfront Sum of RM1.90 billion from Air Selangor. As such, the Offer has been completed on even date. Accordingly, SPLASH shall cease to be a subsidiary of SPLASH Holdings with effect from 24 April 2019.
This announcement is dated 24 April 2019.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
24 Apr 2019
Category
General Announcement for PLC
Reference Number
GA1-23042019-00056
| 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 announcements dated 3 August 2018, 9 August 2018, 14 September 2018, 28 September 2018, 17 December 2018, 27 February 2019, 29 March 2019 and 15 April 2019 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 announcements.
On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad wishes to announce that the Conditions Precedent in the SPA has been fulfilled on 22 April 2019 and the Offer has now become unconditional.
Following the above, SPLASH Holdings, being a 40% owned company of Gamuda, had on 24 April 2019 received the Upfront Sum of RM1.90 billion from Air Selangor. As such, the Offer has been completed on even date. Accordingly, SPLASH shall cease to be a subsidiary of SPLASH Holdings with effect from 24 April 2019.
This announcement is dated 24 April 2019.
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 24 Apr 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23042019-00056 |