Date : 11 July 2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN DESARU INVESTMENTS (CAYMAN ISL.) LIMITED, A COMPANY INCORPORATED IN CAYMAN ISLANDS, FROM KHAZANAH NASIONAL BERHAD BY MALAKOFF GULF LIMITED, A WHOLLY-OWNED SUBSIDIARY OF MALAKOFF INTERNATIONAL LIMITED, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MALAKOFF CORPORATION BERHAD FOR A CASH CONSIDERATION OF USD70 MILLION ("PROPOSED ACQUISITION")

MALAKOFF CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN DESARU INVESTMENTS (CAYMAN ISL.) LIMITED, A COMPANY INCORPORATED IN CAYMAN ISLANDS, FROM KHAZANAH NASIONAL BERHAD BY MALAKOFF GULF LIMITED, A WHOLLY-OWNED SUBSIDIARY OF MALAKOFF INTERNATIONAL LIMITED, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MALAKOFF CORPORATION BERHAD FOR A CASH CONSIDERATION OF USD70 MILLION ("PROPOSED ACQUISITION")

The Board of Directors (“Board”) of Malakoff Corporation Berhad (“MCB” or “Company”) wishes to announce that on 11 July 2019, Malakoff Gulf Limited (“MGL” or “Purchaser”) has entered into a Share Sale Agreement (“SSA”) with Khazanah Nasional Berhad (“Khazanah” or “Vendor”)  in respect of the proposed acquisition of 1 ordinary share in Desaru Investments (Cayman Isl.) Limited (“DIL”) (“Sale Share”),  constituting the entire equity interest in DIL for a cash consideration of USD70 million (“Purchase Consideration”) upon the terms and conditions of the SSA.

 

Please refer to the attachment for the full announcement in relation to the Proposed Acquisition. 

 

This announcement is dated 11 July 2019.




Please refer attachment below.



Announcement Info

Company Name MALAKOFF CORPORATION BERHAD
Stock Name MALAKOF
Date Announced 11 Jul 2019
Category General Announcement for PLC
Reference Number GA1-11072019-00112