We refer to the 3rd Annual General Meeting of CLIQ Energy Berhad (“CLIQ”) and the subsequent press conference where CLIQ had issued a press release and had a session with the media.
Pursuant to the various articles issued by the media, CLIQ wishes to clarify that at the press conference, CLIQ handed the press release to the reporters, the extract of which are as follows: -
“It has gone through a few assets up to the stage of packaging a possible deal, negotiating the major structure and control considerations with the vendors and along the way have also sought feedback from the authority via a couple of Consultative papers to ensure that it can pass the various acceptance and approval tests necessary to complete the acquisition.
CLIQ is currently pursuing an asset in the Asia & Oceania region, that it thinks meets most, if not all of the stakeholders’ (including the regulators) needs and concerns. And, having benefitted from the experience from the earlier assets, it is better prepared to secure and formalised a good package.”
During the press conference, CLIQ’s Managing Director/Chief Executive Officer had further clarified that CLIQ is currently in negotiations with the vendors of the 2 shortlisted assets. Where necessary, CLIQ has sought feedback via consultative papers from the Securities Commission (“SC”) to ensure that the transaction structure and target assets contemplated by CLIQ is in line with the SC’s requirements.
CLIQ wishes to clarify that at this juncture it has not signed any sale and purchase agreement for the potential acquisition of the qualifying acquisition and therefore had not made any application to the SC for approval of the same.
The Company will make the necessary announcement once it has inked the deal.
This announcement is dated 15 August 2014.