TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SAPURA RESOURCES BERHAD ('SRB' OR 'THE COMPANY') (I) CONDITIONAL SUBSCRIPTION AND JOINT VENTURE AGREEMENT AMONGST SRB, SRB ONE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SRB, MTU ASIA PTE LTD ('MTU'), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ROLLS-ROYCE POWER SYSTEMS AG AND MTU POWER SYSTEMS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MTU; AND (II) PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF SRB AND ITS SUBSIDIARIES TO INCLUDE THE PROPOSED BUSINESS
| SAPURA RESOURCES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SAPURA RESOURCES BERHAD ('SRB' OR 'THE COMPANY')
(I) CONDITIONAL SUBSCRIPTION AND JOINT VENTURE AGREEMENT AMONGST SRB, SRB ONE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SRB, MTU ASIA PTE LTD ('MTU'), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ROLLS-ROYCE POWER SYSTEMS AG AND MTU POWER SYSTEMS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MTU; AND
(II) PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF SRB AND ITS SUBSIDIARIES TO INCLUDE THE PROPOSED BUSINESS |
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Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those given to them in the initial announcements dated 26 March 2019, 15 May 2019 and 23 May 2019.
We refer to the announcements dated 26 March 2019, 15 May 2019 and 23 May 2019 in relation to the Proposed Joint Venture.
The Company wishes to announce that all the conditions precedent as set out in the JV Agreement have been fulfilled and/or waived in accordance with the terms of the JV Agreement. Accordingly, the JV Agreement has become unconditional on 3 July 2019.
This announcement is dated 3 July 2019. |
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Announcement Info
| Company Name | SAPURA RESOURCES BERHAD |
| Stock Name | SAPRES |
| Date Announced | 03 Jul 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03072019-00047 |