TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PESTECH INTERNATIONAL BERHAD ("PIB" OR "COMPANY") PROPOSED DISPOSAL BY DIAMOND POWER LIMITED ("DPL" OR "VENDOR"), A 60%-OWNED INDIRECT SUBSIDIARY OF PIB, OF THE 230 KILOVOLT KAMPONG CHAM-KRATIE TRANSMISSION SYSTEM ("PROJECT") TO CAMBODIAN TRANSMISSION II CO. LTD ("CTL II" OR "PURCHASER") FOR A TOTAL CONSIDERATION OF USD118.00 MILLION ("PROPOSED DISPOSAL")
Amended Announcements
Please refer to the earlier announcement reference number: GA1-08112022-00042
| PESTECH INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PESTECH INTERNATIONAL BERHAD ("PIB" OR "COMPANY")
PROPOSED DISPOSAL BY DIAMOND POWER LIMITED ("DPL" OR "VENDOR"), A 60%-OWNED INDIRECT SUBSIDIARY OF PIB, OF THE 230 KILOVOLT KAMPONG CHAM-KRATIE TRANSMISSION SYSTEM ("PROJECT") TO CAMBODIAN TRANSMISSION II CO. LTD ("CTL II" OR "PURCHASER") FOR A TOTAL CONSIDERATION OF USD118.00 MILLION ("PROPOSED DISPOSAL") |
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We refer to the announcements dated 20 October 2022 and 8 November 2022 in relation to the Proposed Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce the revision to the details of use of proceeds in relation to the Proposed Disposal as set out in the attachment.
This announcement is dated 2 December 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | PESTECH INTERNATIONAL BERHAD |
| Stock Name | PESTECH |
| Date Announced | 02 Dec 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02122022-00012 |