COASTAL

1.470

-0.01 (-0.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS COASTAL CONTRACTS BHD (COASTAL OR COMPANY) - ACQUISITION OF 100% EQUITY INTEREST IN ELITE POINT PTE. LTD. (EPPL) FROM A THIRD PARTY INDIVIDUAL, SANATHAKUMARA SOMUNAIDU (THE SELLER) BY COASTAL DRILLING PTE. LTD. (CDPL), A WHOLLY-OWNED SUBSIDIARY OF COASTAL AND ITS STRATEGIC BUSINESS PARTNER, JUB PACIFIC PTE. LTD. (JUB) (ACQUISITION)

COASTAL CONTRACTS BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
COASTAL CONTRACTS BHD (COASTAL OR COMPANY) - ACQUISITION OF 100% EQUITY INTEREST IN ELITE POINT PTE. LTD. (EPPL) FROM A THIRD PARTY INDIVIDUAL, SANATHAKUMARA SOMUNAIDU (THE SELLER) BY COASTAL DRILLING PTE. LTD. (CDPL), A WHOLLY-OWNED SUBSIDIARY OF COASTAL AND ITS STRATEGIC BUSINESS PARTNER, JUB PACIFIC PTE. LTD. (JUB) (ACQUISITION)

Reference is made to the announcements dated 2 February 2021 in relation to the Acquisition (“Earlier Announcement”). Unless otherwise defined herein, all expressions used in this announcement shall carry the same meanings as defined in the Earlier Announcement.

 

The Board of Directors of Coastal is pleased to announce that the Acquisition was completed as all the conditions precedents stipulated in the Share Purchase Deed and Shareholders Agreement (collectively known as “Transaction Documents”) has been fulfilled on 11 February 2021.

 

The announcement is dated 16 February 2021.






Announcement Info

Company Name COASTAL CONTRACTS BHD
Stock Name COASTAL
Date Announced 16 Feb 2021
Category General Announcement for PLC
Reference Number GA1-16022021-00028