(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in the announcement dated 21 July 2014.)
We refer to the announcements dated 5 June 2014, 25 June 2014 and 21 July 2014 in relation to the Proposed Transaction.
On behalf of the Company, CIMB Investment Bank Berhad (“CIMB”) and RHB Investment Bank Berhad (“RHB”) wish to announce that the application in relation to the Proposed Transaction had been submitted to the Securities Commission Malaysia today.
Further, on behalf of the Company, CIMB and RHB also wish to announce that the Company and its wholly-owned subsidiary, SEPT, had on 28 August 2014 entered into a supplemental sale and purchase agreement with SEBHL and Salamander to effect, inter-alia, the following changes to the SPA:
(i) Clarification that the issued share capital of SEBG is 25,000 shares with a par value of USD1.00; and
(ii) The Working Capital Amount shall mean the sum of USD1,229,394.80, being 66.67% of the net working capital amount of USD1,844,000.00 as at the Effective Date and computed in accordance with Schedule 10 of the SPA.
This announcement is dated 29 August 2014.