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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DAYA MATERIALS BERHAD ("DMB" OR "THE COMPANY") PROPOSED FURTHER DISPOSAL OF UP TO 31% EQUITY INTEREST IN DAYA CMT SDN BHD ("DCMT") PURSUANT TO A CALL OPTION

DAYA MATERIALS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DAYA MATERIALS BERHAD ("DMB" OR "THE COMPANY")

PROPOSED FURTHER DISPOSAL OF UP TO 31% EQUITY INTEREST IN DAYA CMT SDN BHD ("DCMT") PURSUANT TO A CALL OPTION

Reference is made to the announcements on 29 April 2015, 13 May 2015, 6 August 2015, 21 April 2016, 7 December 2016, 15 September 2017, 30 August 2018 and 29 August 2019 in relation to the proposed disposal of up to 50.0% interest in Daya CMT Sdn Bhd (“Announcements”). For consistency, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.

The Board of Directors of DMB (“Board”) wishes to announce that vide DMB’s letter dated 27 July 2020 (accepted by PPSB on 30 July 2020), PPSB and DMB had mutually agreed to further extend the Call Option Period to 31 August 2021.

The Call Option shall remain valid and PPSB is entitled to exercise the Call Option in respect of the Call Option Shares at any time and from time to time up to and including 31 August 2021.

All other terms and conditions of the SSA and the Call Option (as supplemented and revised by mutual agreement) shall remain the same.

This announcement is dated 30 July 2020.






Announcement Info

Company Name DAYA MATERIALS BERHAD
Stock Name DAYA
Date Announced 30 Jul 2020
Category General Announcement for PLC
Reference Number GA1-30072020-00005