MULTIPLE PROPOSALS CLOUDARON GROUP BERHAD ("CLOUDARON" OR THE "COMPANY") (I) PROPOSED DISPOSAL; (II) PROPOSED CAPITAL REDUCTION AND REPAYMENT; AND (III) PROPOSED DELISTING. (COLLECTIVELY, "PROPOSALS")
| CLOUDARON GROUP BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | CLOUDARON GROUP BERHAD ("CLOUDARON" OR THE "COMPANY")
(I) PROPOSED DISPOSAL;
(II) PROPOSED CAPITAL REDUCTION AND REPAYMENT; AND
(III) PROPOSED DELISTING.
(COLLECTIVELY, "PROPOSALS") |
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We refer to the announcements dated 18 July 2025, 5 August 2025, 19 September 2025 and 4 December 2025 as well as the Company’s circular dated 27 October 2025 (“Circular”) in relation to the Proposals. Unless otherwise stated, the definitions set out in the previous announcements and Circular shall apply herein.
Further to the announcement dated 4 December 2025, on behalf of the Board, SCA wishes to clarify that the Conditions Precedent which remain pending fulfilment and/or waiver are as follows:
(i) Stock exchange and related approvals
Abelco obtaining all necessary approvals, if any, from NGM Nordic SME Marketplace for the issuance and listing of the Consideration Shares as consideration and notifying Cloudaron of such approvals in writing. Abelco shall also procure all other approvals, consents and processes for the issuance and listing of the Consideration Shares on the NGM Nordic SME Marketplace (if any) are duly obtained or secured. In the event the approvals are subject to any conditions, the conditions shall be subject to the written acceptance of Abelco and Cloudaron.
(ii) No material adverse effect
No material adverse effect having occurred in respect of the Disposal Companies prior to the Closing Date.
Condition precedent (ii) above is to be confirmed by the parties only prior to the Closing Date upon the condition precedent (i) above being met.
This announcement is dated 8 December 2025. |
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Announcement Info
| Company Name | CLOUDARON GROUP BERHAD |
| Stock Name | CLOUD |
| Date Announced | 08 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08122025-00041 |