OTHERS SCOMI GROUP BHD ("SGB" OR "THE COMPANY") - EXECUTION OF BINDING TERM SHEET ("BTS") BETWEEN SGB AND THE RECEIVER AND MANAGER OF SCOMI RAIL BHD ("SRB") FOR A COMPOSITE SCOMI MONORAIL BUSINESS REVIVAL PLAN WHICH COMPLEMENT THE EXISTING PROPOSED CORPORATE EXERCISES UNDERTAKEN BY SGB ("PROPOSED TRANSACTIONS" OR "SCOMI MONORAIL BUSINESS REVIVAL PLAN")
| SCOMI GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SCOMI GROUP BHD ("SGB" OR "THE COMPANY")
- EXECUTION OF BINDING TERM SHEET ("BTS") BETWEEN SGB AND THE RECEIVER AND MANAGER OF SCOMI RAIL BHD ("SRB") FOR A COMPOSITE SCOMI MONORAIL BUSINESS REVIVAL PLAN WHICH COMPLEMENT THE EXISTING PROPOSED CORPORATE EXERCISES UNDERTAKEN BY SGB ("PROPOSED TRANSACTIONS" OR "SCOMI MONORAIL BUSINESS REVIVAL PLAN") |
|
(Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall have the same meaning as our announcement dated 23 December 2019 in relation to the Proposed Transactions (“Announcement”))
The Board wishes to announce that, on 22 January 2020, SGB and R&M have mutually agreed to extend the expiry of the execution of the Definitive Agreements until 28 February 2020. All other terms and conditions of the BTS shall remain unchanged.
This announcement is dated 23 January 2020. |
|
Announcement Info
| Company Name | SCOMI GROUP BERHAD |
| Stock Name | SCOMI |
| Date Announced | 23 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23012020-00029 |