General announcement
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
PROTASCO BERHAD (PB OR THE COMPANY) PROPOSED ACQUISITION OF 95,000,000 ORDINARY SHARES OF IDR 1,000 EACH IN PT ANGLO SLAVIC INDONESIA (PT ASI) (PT ASI SHARE(S)), REPRESE
PROTASCO BERHAD (“PB” OR THE “COMPANY”) PROPOSED ACQUISITION OF 95,000,000 ORDINARY SHARES OF IDR 1,000 EACH IN PT ANGLO SLAVIC INDONESIA (“PT ASI”) (“PT ASI SHARE(S)”), REPRESENTING 76% EQUITY INTEREST IN PT ASI FROM PT ANGLO SLAVIC UTAMA (“PT ASU” OR “VENDOR”) (“PROPOSED ACQUISITION”)
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Subject :: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS
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Reference is made to the Company’s previous announcements in relation to the Proposed Acquisition.
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Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the first announcement dated 28 December 2012.
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On behalf of the Company, AmInvestment Bank Berhad wishes to announce that as at the date of this announcement, the Due Diligence is still ongoing and the Company and the Vendor are still in the midst of procuring and fulfilling the Conditions Precedent of the SPA.
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This announcement is dated 16 January 2014.
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