Reference is made to the announcement by CIMB Investment Bank Berhad (”CIMB”) on behalf of the Company dated 5 June 2014 in relation to the Proposed Transaction.
On behalf of the Company, CIMB and RHB Investment Bank Berhad wish to announce that the Company and Salamander have mutually agreed to extend the exclusivity period in respect of the Proposed Transaction until end of July 2014.
The purpose of the extension of the exclusivity period is primarily to enable the auditors to prepare SEBG’s financial statements under International Financial Reporting Standards (“IFRS”) for the past 3 years. The extension will also enable the parties to finalise the sale and purchase agreement in relation to the Proposed Transaction (“SPA”) and other transaction agreements.
A detailed announcement on the Proposed Transaction will be made in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad upon completion of SEBG’s IFRS-compliant financial statements, finalisation of the terms and conditions of the Proposed Transaction and execution of the SPA and other transaction agreements in relation to the Proposed Transaction.
This announcement is dated 25 June 2014.