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MULTIPLE PROPOSALS GAGASAN NADI CERGAS BERHAD ("GNCB" OR "COMPANY") I. PROPOSED ACQUISITION; II. PROPOSED SUKUK PROGRAMMES; AND III. PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

GAGASAN NADI CERGAS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
GAGASAN NADI CERGAS BERHAD ("GNCB" OR "COMPANY")

I.	PROPOSED ACQUISITION;

II.	PROPOSED SUKUK PROGRAMMES; AND 

III.	PROPOSED ESOS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(We refer to the previous announcements and the most recent announcement dated 12 January 2021 in relation to the Proposals (“Announcements”). Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Announcements)

 

On behalf of the Board, Kenanga IB is pleased to announce that Bursa Securities had, vide its letter dated 29 January 2021, resolved to grant the Company an extension of time from 30 January 2021 until 30 June 2021 to issue the circular to the shareholders in relation to the Proposals.

 

Furthermore, on behalf of the Board, Kenanga IB wishes to announce that the Company and the Vendors have entered into a further supplemental letter dated 29 January 2021 in respect of the SSA dated 29 October 2019 to mutually agree to extend the Conditional Period as outlined in the SSA for a further period commencing from 1 February 2021 until 28 February 2021. 

 

Save for the extension of the Conditional Period above, all other terms and conditions of the SSA remain unchanged.  

 

This announcement is dated 29 January 2021.

 






Announcement Info

Company Name GAGASAN NADI CERGAS BERHAD
Stock Name NADIBHD
Date Announced 29 Jan 2021
Category General Announcement for PLC
Reference Number GA1-29012021-00026




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