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MULTIPLE PROPOSALS SYF RESOURCES BERHAD ("SYF" OR "COMPANY") (I) PROPOSED DISPOSALS; (II) PROPOSED SPECIAL DIVIDEND CUM CAPITAL REPAYMENT; (III) PROPOSED ACQUISITION; (IV) PROPOSED RIGHTS ISSUE; (V) PROPOSED RESTRICTED ISSUE; (VI) PROPOSED EXEMPTION; AND (VII) PROPOSED CHANGE OF NAME (COLLECTIVELY, THE "PROPOSALS")

SYF RESOURCES BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
SYF RESOURCES BERHAD ("SYF" OR "COMPANY")

(I)     PROPOSED DISPOSALS;
(II)    PROPOSED SPECIAL DIVIDEND CUM CAPITAL REPAYMENT;
(III)   PROPOSED ACQUISITION;
(IV)  PROPOSED RIGHTS ISSUE;
(V)   PROPOSED RESTRICTED ISSUE;
(VI)  PROPOSED EXEMPTION; AND
(VII) PROPOSED CHANGE OF NAME

(COLLECTIVELY, THE "PROPOSALS")

(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcement in relation to the Proposals dated 6 October 2021, 26 November 2021, 2 December 2021 and 28 January 2022 (“Announcements”)).

 

We refer to the Company’s Announcements in relation to the Proposals.

 

Pursuant to the SPAs dated 6 October 2021 entered into between Nikmat Sekitar and Nuri Meriah (collectively, “Vendors”) with Juta respectively, the Conditions Precedent shall be satisfied within six (6) months commencing from the date of the SPAs.

 

On behalf of the Board, Malacca Securities wishes to announce that Vendors and Juta had on 5 April 2022 mutually agreed via an extension letter dated 5 April 2022 to extend the Conditional Period to a period not later than 6 October 2022 to fulfill the Conditions Precedent (“Extended Conditional Period”) pursuant to the SPAs.

 

Save for the above, all other terms and conditions of the SPAs and all other instruments and agreements executed, delivered or entered into thereunder or pursuant thereto remain unchanged.

 

This announcement is dated 5 April 2022.

 

 






Announcement Info

Company Name SYF RESOURCES BERHAD
Stock Name SYF
Date Announced 05 Apr 2022
Category General Announcement for PLC
Reference Number GA1-05042022-00079