Offer To Purchase All The Securities In The Following Companies: (i) Kesas Sdn Bhd ("Kesas"); (ii) Sistem Penyuraian Trafik KL Barat Sdn Bhd ("SPRINT"); (iii) Lingkaran Trans Kota Sdn Bhd ("LITRAK"); And (iv) Syarikat Mengurus Air Banjir & Terowong Sdn Bhd ("SMART"), By Minister Of Finance (Incorporated) ("MOF Inc") ("Offers")

Aug 29, 2019
Type Announcement
Subject OTHERS
Description

GAMUDA BERHAD ("GAMUDA" OR "COMPANY")

OFFER TO PURCHASE ALL THE SECURITIES IN THE FOLLOWING COMPANIES:

(i) KESAS SDN BHD ("KESAS");
(ii) SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT");
(iii) LINGKARAN TRANS KOTA SDN BHD ("LITRAK"); AND
(iv) SYARIKAT MENGURUS AIR BANJIR & TEROWONG SDN BHD ("SMART"),

BY MINISTER OF FINANCE (INCORPORATED) ("MOF INC") ("OFFERS")

Reference is made to the Company’s announcements dated 21 June 2019, 27 June 2019 (as amended), 3 July 2019 and 5 July 2019 in relation to the Offers. Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the aforesaid announcements. 

 

On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad wishes to announce that MOF Inc and Kesas Holdings, a 70% owned subsidiary of Gamuda, have mutually agreed to extend the Cut-Off Date to negotiate and finalise the terms of the definitive agreement from 30 August 2019 to 31 October 2019 in respect of the Kesas Offer.

 

Simultaneously, MOF Inc and each of the following associated companies and joint venture company of Gamuda have also mutually agreed to extend the Cut-Off Date to negotiate and finalise the terms of the respective definitive agreements from 30 August 2019 to 31 October 2019:

 

(i) SPRINT Holdings, a 52% associated company of Gamuda, in respect of the SPRINT Offer;

 

(ii) LITRAK Holdings, a 43% associated company of Gamuda, in respect of the LITRAK Offer; and

 

(iii) SMART Holdings, a 50% joint venture company of Gamuda, in respect of the SMART Offer.

 

Save for the aforementioned extensions, all other terms contained in the Offers shall continue to be in full force and effect.

 

This announcement is dated 29 August 2019.

 





Announcement Info

Company Name GAMUDA BERHAD
Stock Name GAMUDA
Date Announced 29 Aug 2019
Category General Announcement for PLC
Reference Number GA1-29082019-00037