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MULTIPLE PROPOSALS STELLA HOLDINGS BERHAD ("STELLA" OR THE "COMPANY") (FORMERLY KNOWN AS "MERGE ENERGY BHD") (I) DEVELOPMENT; (II) DIVERSIFICATION; AND (III) SHARE CAPITAL REDUCTION (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

STELLA HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
STELLA HOLDINGS BERHAD ("STELLA" OR THE "COMPANY")
(FORMERLY KNOWN AS "MERGE ENERGY BHD")

(I)	DEVELOPMENT;
(II)	DIVERSIFICATION; AND 
(III)	SHARE CAPITAL REDUCTION

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
 
We refer to the announcements dated 4 July 2019, 9 July 2019, 10 October 2019, 23 October 2019 and 29 November 2019 (“Announcements”) as well as the circular to the shareholders of Stella dated 18 September 2019 (“Circular”) in relation to the Corporate Exercises. Unless otherwise stated, abbreviations and definitions used in this announcement shall be the same as those previously defined in the Announcements and the Circular.

On behalf of the Board, TA Securities wishes to announce that all the conditions precedent set out in the JVA in respect of the Development have been fulfilled and accordingly, the JVA has become unconditional on 29 November 2019. As such, the Corporate Exercises in relation to the Diversification and Development is deemed completed in accordance with the terms of the JVA.

This announcement is dated 3 December 2019.



Announcement Info

Company Name STELLA HOLDINGS BERHAD
Stock Name STELLA
Date Announced 03 Dec 2019
Category General Announcement for PLC
Reference Number GA1-03122019-00034


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