We refer to the article apppearing in The Edge Malaysia, page 18 on Monday, 10 August 2020. It was quoted in the said article that there had been talks for a certain party to take over GPA via a reverse takeover exercise.
Upon enquiry with the Board of Directors and major shareholder of the Company, Tan Sri Dato' Tan Hua Choon, the non-independent and non-executive Chairman of the Board and major shareholder of the Company, has confirmed that he has been approached by several interested parties, including the company named in the aforesaid newspaper article, for possible asset injection into GPA. However, there has not been any concrete development thereof which would warrant an announcement to be made at this point of time.
The Board of Directors will release the necessary announcement in a timely manner to Bursa Malaysia Securities Berhad should there be any material development which falls under the Main Market Listing Requirements.
This announcement is dated 10 August 2020.