Bursa Announcements

Date : 05 August 2015

OTHERS FUTUTECH BERHAD ("FUTUTECH" OR THE "COMPANY") EXECUTION OF HEADS OF AGREEMENT BETWEEN FUTUTECH AND DATUK TEE ENG HO, DATIN TOH SIEW CHUON AND TEE ENG SENG (COLLECTIVELY, THE "VENDORS")

FUTUTECH BERHAD

Type Announcement
Subject OTHERS
Description
FUTUTECH BERHAD ("FUTUTECH" OR THE "COMPANY")

EXECUTION OF HEADS OF AGREEMENT BETWEEN FUTUTECH AND DATUK TEE ENG HO, DATIN TOH SIEW CHUON AND TEE ENG SENG (COLLECTIVELY, THE "VENDORS")


Reference is made to the announcement made on 6 February 2015 in relation to the heads of agreement (HOA) entered into with the Vendors to explore and negotiate on a proposed acquisition by Fututech of the entire issued and paid-up share capital of each of Kerjaya Prospek (M) Sdn Bhd and Permatang Bakti Sdn Bhd (collectively, the Target Companies) from the Vendors for a total indicative purchase consideration of RM380 million (Proposed Injection) (Announcement).

(Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcement.)

The Company wishes to announce that the Company and the Vendors have mutually agreed to an extension of time of a period of 2 months from 6 August 2015 (i.e. until 6 October 2015) to enter into the Definitive Agreements for the Proposed Injection.

This announcement is dated 5 August 2015.

 






Announcement Info

Company Name FUTUTECH BERHAD
Stock Name FUTUTEC
Date Announced 05 Aug 2015
Category General Announcement for PLC
Reference Number GA1-04082015-00028


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