TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF EQUITY INTEREST IN PT ANGLO SLAVIC INDONESIA FROM PT ANGLO SLAVIC UTAMA (“VENDOR”)
| PROTASCO BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF EQUITY INTEREST IN PT ANGLO SLAVIC INDONESIA FROM PT ANGLO SLAVIC UTAMA (“VENDOR”) |
Reference is made to the Company’s announcements dated 30 January 2014, 10 February 2014 and 25 July 2014 (“Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Announcements. Protasco Berhad (“Protasco” or “Company”) wishes to announce that the Conditions Subsequent pursuant to Restated SPA have not been fulfilled by the Vendor and the security provider within the Condition Period and accordingly, the Restated SPA lapsed on 28 July 2014. Protasco is in discussion with the Vendor for the Purchase Price to be returned via, amongst others:- (a) cash; (b) disposal of the Secured Shares; in accordance with the terms of the Restated SPA. This announcement is dated 5 August 2014.
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Announcement Info
| Company Name | PROTASCO BERHAD |
| Stock Name | PRTASCO |
| Date Announced | 5 Aug 2014 |
| Category | General Announcement |
| Reference No | CA-140805-27A0C |