CORPORATE ANNOUNCEMENTS

General Announcement for PLC

Reference No: GA1-03052018-00021
 
Company Name : ECM LIBRA FINANCIAL GROUP BERHAD
Stock Name : ECM
Date Announced : 03/05/2018
Type : Announcement
Subject : MULTIPLE PROPOSALS
Description : ECM LIBRA FINANCIAL GROUP BERHAD ("ECMLFG")
THE PROPOSED TUNE HOTELS ACQUISITIONS
Announcement Details/Table Section :

Reference is made to ECMLFG's announcements on 4 May 2017, 21 June 2017, 3 July 2017, 8 August 2017, 30 August 2017, 26 October 2017, 21 November 2017, 24 November 2017, 27 November 2017, 12 December 2017, 21 December 2017, 21 March 2018 and 13 April 2018 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 3 May 2018, the parties to the Tune Hotel Penang SPA, the Tune Hotel KK SPA, and the Tune Hotel KLIA Aeropolis SPA (collectively, the "Tune Hotels SPAs") entered into variation letters to extend the date to fulfil the Tune Hotels SPAs' conditions precedent by 60 days from 5 May 2018 (inclusive), or such longer period as the parties may mutually agree in writing (the "Extension").

The Extension is to provide additional time to fulfil several conditions precedent of the Tune Hotels SPAs which are still not met as at the date of this announcement. The details of the conditions precedent are set out in the circular to ECMLFG shareholders dated 27 November 2017.

This announcement is dated 3 May 2018.

 

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