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GLOTEC

0.375

(%)

OTHERS GLOBALTEC FORMATION BERHAD (GFB OR THE "COMPANY) PLACEMENT OF SHARES BY A SUBSIDIARY

GLOBALTEC FORMATION BERHAD

Type Announcement
Subject OTHERS
Description
GLOBALTEC FORMATION BERHAD (GFB OR THE "COMPANY)

PLACEMENT OF SHARES BY A SUBSIDIARY

We refer to the announcements dated 2 April 2019, 24 April 2019, 3 May 2019, 15 May 2019, 24 May 2019 and 29 May 2019 (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board of Directors of GFB, Mercury Securities Sdn Bhd wishes to announce that on the request of Saujana E&P made on 1 June 2019, NuEnergy has agreed to a further extension of time until 7 June 2019 for the payment of the Deposit pursuant to the Proposed NuEnergy Placement, with the condition of an extension fee of USD250,000 (“Extension Fee”) to be paid by Saujana E&P to NuEnergy by 4 June 2019. The Extension Fee shall be deemed as part payment of the Deposit and if the Deposit is not paid in full by 7 June 2019, the Extension Fee may be forfeited by NuEnergy.

 


This announcement is dated 3 June 2019.






Announcement Info

Company Name GLOBALTEC FORMATION BERHAD
Stock Name GLOTEC
Date Announced 03 Jun 2019
Category General Announcement for PLC
Reference Number GA1-02062019-00003