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OTHERS TADMAX RESOURCES BERHAD ("TADMAX" OR "THE COMPANY") - PROPOSED DISPOSAL OF 25% EQUITY INTEREST IN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD) ("PIPP") TO KOREA ELECTRIC POWER CORPORATION ("PURCHASER" OR "KEPCO") FOR A CASH CONSIDERATION OF RM41,750,000 ("PROPOSED DISPOSAL TO KEPCO")

TADMAX RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
TADMAX RESOURCES BERHAD ("TADMAX" OR "THE COMPANY") 
- PROPOSED DISPOSAL OF 25% EQUITY INTEREST IN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD) ("PIPP") TO KOREA ELECTRIC POWER CORPORATION ("PURCHASER" OR "KEPCO") FOR A CASH CONSIDERATION OF RM41,750,000 ("PROPOSED DISPOSAL TO KEPCO")

The Board of Directors of Tadmax (“Board”) wishes to announce that the Company has on 20 April 2020, entered into a conditional share sale agreement with KEPCO (“SSA”) for the proposed disposal of 12,500,000 ordinary shares representing 25% of the issued share capital of PIPP (“Sale Shares”) to the Purchaser for a cash consideration of RM41,750,000 (“Disposal Consideration”).

 

For further details, kindly refer to the attachment.

 

This announcement is dated 21 April 2020.




Please refer attachment below.



Announcement Info

Company Name TADMAX RESOURCES BERHAD
Stock Name TADMAX
Date Announced 21 Apr 2020
Category General Announcement for PLC
Reference Number GA1-20042020-00095



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