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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") - EXTENSION OF CONDITION PERIOD

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")
- EXTENSION OF CONDITION PERIOD

Reference is made to the announcement dated 21 April 2020. The Company wishes to expand and/or furnish additional disclosure as below.

 

Unless stated otherwise, the abbreviations hereinunder used/referred to in this Announcement shall carry the same meaning as defined in the announcement dated 21 April 2020.

 

The Board of Directors of Tadmax wishes to announce that the Company had on 9 July 2020 received a letter agreement from Kepco ("Letter Agreement") to extend the Condition Period for a further period of 43 days to end on 30 September 2020.

 

For further details, kindly refer to the attachment.

 

This announcement is dated 10 July 2020.




Please refer attachment below.



Announcement Info

Company Name TADMAX RESOURCES BERHAD
Stock Name TADMAX
Date Announced 10 Jul 2020
Category General Announcement for PLC
Reference Number GA1-10072020-00017



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