CORPORATE ANNOUNCEMENTS

General Announcement for PLC

Reference No: GA1-26102017-00037
 
Company Name : ECM LIBRA FINANCIAL GROUP BERHAD
Stock Name : ECM
Date Announced : 26/10/2017
Type : Announcement
Subject : MULTIPLE PROPOSALS
Description :

ECM LIBRA FINANCIAL GROUP BERHAD ("ECMLFG")

(I) PROPOSED ACQUISITIONS
(II) PROPOSED SPECIAL DIVIDEND
(III) PROPOSED DISPOSALS

Announcement Details/Table Section :

Reference is made to ECMLFG's announcements on 4 May 2017, 21 June 2017, 3 July 2017, 8 August 2017 and 30 August 2017 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, CIMB wishes to announce that on 26 October 2017, the parties to the TPRE SPA, the Tune Hotel Penang SPA, the Tune Hotel KK SPA, the Tune Hotel KLIA Aeropolis SPA, the Bangunan ECM Libra Disposal SPA and the Semi-D Disposal SPA (collectively, the "Proposal SPAs") entered into supplemental letters to:

(a) extend the date to fulfil the conditions precedent of the Proposal SPAs;

(b) provide for additional procedural provisions to facilitate the funding of the acquisitions via borrowings; and

(c) amend the payment terms of the Bangunan ECM Libra Disposal SPA and the Semi-D Disposal SPA.

Please refer to the attachment for the full text of the announcement.

This announcement is dated 26 October 2017.


Attachment: Annoucement - Supplemental 2017-10-26 (Final).pdf

<< back
 
 
 
Copyright 2008 ECM Libra Financial Group Berhad. All rights reserved.