Bursa Announcements

Date : 13 January 2016

MULTIPLE PROPOSALS FUTUTECH BERHAD ("FUTUTECH" OR THE COMPANY") - PROPOSED ACQUISITIONS; - PROPOSED PRIVATE PLACEMENT; - PROPOSED INCREASE IN AUTHORISED CAPITAL; AND - PROPOSED AMENDMENTS TO M&A (COLLECTIVELY REFERRED TO AS THE PROPOSALS)

FUTUTECH BERHAD

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

-	PROPOSED ACQUISITIONS;
-	PROPOSED PRIVATE PLACEMENT; 
-	PROPOSED INCREASE IN AUTHORISED CAPITAL; AND
-	PROPOSED AMENDMENTS TO M&A

(COLLECTIVELY REFERRED TO AS THE PROPOSALS)

Reference is made to the announcement on 15 September 2015, 6 October 2015, 18 December 2015, and 29 December 2015 (“Announcements”) and the circular to the shareholders of Fututech dated 29 December 2015 (“Circular”) in relation to, inter-alia, the Proposed Acquisitions.

 

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

 

On behalf of the Board of Directors of Fututech (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) and Astramina Advisory Sdn Bhd (“Astramina”) wish to announce that the Company and the Vendors have mutually agreed to further extend the KPSB Cut-Off Date and PBSB Cut-Off Date (“Cut-Off Dates”) as set out in the KPSB SSA and PBSB SSA (“SSAs”) respectively for a further period of one (1) month from 15 January 2016 to 16 February 2016 for the parties to fulfill their respective obligations under Schedule 3 of the SSAs respectively.

 

Save as aforesaid, all the other terms and conditions of the SSAs remain unchanged.

 

This announcement is dated 13 January 2016.






Announcement Info

Company Name FUTUTECH BERHAD
Stock Name FUTUTEC
Date Announced 13 Jan 2016
Category General Announcement for PLC
Reference Number GA1-13012016-00067


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