EKOVEST

0.460

+0.01 (+2.2%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EKOVEST BERHAD ("EKOVEST" OR "THE COMPANY") DISPOSAL OF 40% EQUITY INTEREST HELD IN KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD TO EMPLOYEES PROVIDENT FUND BOARD ("DISPOSAL") - EXTENSION OF THE EXIT PLAN

EKOVEST BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
EKOVEST BERHAD ("EKOVEST" OR "THE COMPANY")

DISPOSAL OF 40% EQUITY INTEREST HELD IN KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD TO EMPLOYEES PROVIDENT FUND BOARD ("DISPOSAL") - EXTENSION OF THE EXIT PLAN

We refer to the announcements dated 19 August 2016, 21 September 2016, 2 November 2016, 8 November 2016, 18 November 2016, 22 December 2016, 19 January 2017, 24 January 2017 and 13 February 2017 in relation to the Disposal (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements.

The Company wishes to announce that it has obtained approval of EPF for an extension of one (1) year with an automatic extension for another one (1) year for the Extended Exit Date under the Shareholders’ Agreement to 12 February 2026 (“Extension”) to facilitate and implement exit plan for EPF and the Company.

For information, the Company and EPF are evaluating various viable options together to implement the Exit Event or any alternative plan in the best interests of the Parties.

The Company will make the requisite announcement if there is any material development on the above.

The announcement is dated 13 February 2024.






Announcement Info

Company Name EKOVEST BERHAD
Stock Name EKOVEST
Date Announced 13 Feb 2024
Category General Announcement for PLC
Reference Number GA1-09022024-00027