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MULTIPLE PROPOSALS TRANSOCEAN HOLDINGS BHD ("THB" OR THE "COMPANY") (I) PROPOSED PRIVATE PLACEMENT; (II) PROPOSED ACQUISITION; AND (III) PROPOSED DIVERSIFICATION (COLLECTIVELY, THE "PROPOSALS")

TRANSOCEAN HOLDINGS BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
TRANSOCEAN HOLDINGS BHD ("THB" OR THE "COMPANY")

(I) PROPOSED PRIVATE PLACEMENT;
(II) PROPOSED ACQUISITION; AND
(III) PROPOSED DIVERSIFICATION

(COLLECTIVELY, THE "PROPOSALS")

(Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s announcements dated 16 April 2021 and 15 June 2021 in relation to the Proposals (“Announcements”))

 

Reference is made to the announcement dated 16 April 2021 whereby M&A Securities had, on behalf of the Board, announced the following Proposals:

  1. Proposed Acquisition;
  2. Proposed Diversification; and
  3. Proposed Private Placement II.

M&A Securities wishes to announce that the Board has resolved that the Proposed Private Placement II will no longer be carried out after taking into consideration inter-alia the prevailing market conditions.

 

Save as disclosed above, the Proposed Acquisition and Proposed Diversification remain unchanged.

 

 

This announcement is dated 22 June 2021.






Announcement Info

Company Name TRANSOCEAN HOLDINGS BHD
Stock Name TOCEAN
Date Announced 22 Jun 2021
Category General Announcement for PLC
Reference Number GA1-18062021-00060




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