OTHERS RANHILL UTILITIES BERHAD (FORMERLY KNOWN AS RANHILL HOLDINGS BERHAD) ("RANHILL" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING ("MOU") AND CONSORTIUM AGREEMENT ("CONSORTIUM AGREEMENT") BETWEEN MAYNILAD WATER SERVICES, INC., METROPAC WATER INVESTMENTS CORPORATION, RANHILL CAPITAL, PT VARSHA ZAMINDO LESTARI AND PERUSAHAAN PERSEROAN PT PEMBANGUNAN PERUMAHAN TBK
RANHILL UTILITIES BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | RANHILL UTILITIES BERHAD (FORMERLY KNOWN AS RANHILL HOLDINGS BERHAD) ("RANHILL" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING ("MOU") AND CONSORTIUM AGREEMENT ("CONSORTIUM AGREEMENT") BETWEEN MAYNILAD WATER SERVICES, INC., METROPAC WATER INVESTMENTS CORPORATION, RANHILL CAPITAL, PT VARSHA ZAMINDO LESTARI AND PERUSAHAAN PERSEROAN PT PEMBANGUNAN PERUMAHAN TBK |
We refer to the Company’s announcement on 23 July 2020 pertaining to the MOU and Consortium Agreement entered between Maynilad Water Services, Inc., Metropac Water Investments Corporation, Ranhill Capital, PT Varsha Zamindo Lestari and Perusahaan Perseroan PT Pembangunan Perumahan TBK. Unless otherwise defined, the definitions set out in the previous announcement shall apply herein.
The Company wishes to inform on the duration of the MOU and Consortium Agreement are as follows:-
MOU
The MOU is valid for a period of 1 (one) year from the date of signing of the MOU or until the signing of a more definitive formal agreement on this cooperation (whichever occurs first) and can be extended in accordance with the agreement of the Parties with a prior written notice no later than 30 (thirty) days before the expiry date of this MOU.
Each Party may at any time terminate the MOU before the period as referred to in the above paragraph ends by notifying the other Party in writing no later than 30 (thirty) calendar days before the end date of this MOU.
Consortium Agreement
The Consortium Agreement shall terminate upon the earliest of the following events:
This announcement is dated 27 July 2020. |
Announcement Info
Company Name | RANHILL UTILITIES BERHAD |
Stock Name | RANHILL |
Date Announced | 27 Jul 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-27072020-00111 |