SENDAI

0.520

-0.035 (-6.3%)

MULTIPLE PROPOSALS MULTIPLE PROPOSALS MULTIPLE PROPOSALS EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY") (I) FREE WARRANTS; (II) ACQUISITION; (III) DIVERSIFICATION; AND (IV) AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

EVERSENDAI CORPORATION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
MULTIPLE PROPOSALS MULTIPLE PROPOSALS EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY") (I) FREE WARRANTS; (II) ACQUISITION; (III) DIVERSIFICATION; AND (IV) AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(Unless stated otherwise, all abbreviations used herein shall have the same meaning as those mentioned in the Company's Announcements dated 16 June 2020, 30 June 2020, 2 July 2020, 10 August 2020, 11 June 2021, 21 December 2021, 28 June 2022, 28 December 2022, 30 June 2023 & 28 December 2023.)

 

Reference is made to the announcements dated 16 June 2020, 30 June 2020, 2 July 2020, 10 August 2020, 18 August 2020, 10 September 2020, 30 September 2020, 2 October 2020, 22 October 2020, 23 October 2020, 24 December 2020, 11 June 2021, 21 December 2021, 28 June 2022, 28 December 2022, 30 June 2023 and 28 December 2023 in relation to the Proposals.

 

REPLY TO BURSA MALAYSIA’S QUERIES DATED 2 JANUARY 2024.

 

Additional Information 

 

1.          As the deadline to fulfill conditions precedent under the Conditional Share Sale Agreement (“SSA”) had been extended since 1 January 2021 (as first announced on 24 December 2020) until 31 December 2023, to specify the “certain conditions precedent” that were not met during the extended period and the reason thereof.

 

Vahana Offshore (M) Sdn. Bhd. has not satisfied Schedule 2 (e) (Conditions Precedent) of the Share Sale Agreement dated 30 June 2020 in obtaining new financing facility upon the terms and conditions satisfactory to the Purchaser (Eversendai Corporation Berhad).

 

Vahana Offshore (M) Sdn. Bhd. has been continuously trying to satisfy the Condition Precedent with local and international financial institutions but has not been successful.

 

 

2.          Whether the mutual termination of the SSA have any financial impact to EVERSENDAI and its subsidiaries (Group).

 

            There is no material financial impact to Eversendai and its subsidiaries.

 

 This announcement is dated 3 January 2024.






Announcement Info

Company Name EVERSENDAI CORPORATION BERHAD
Stock Name SENDAI
Date Announced 03 Jan 2024
Category General Announcement for PLC
Reference Number GA1-03012024-00050