• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


MULTIPLE PROPOSALS MALAYSIAN BULK CARRIERS BERHAD ("MBC" OR THE "COMPANY") (I) PROPOSED ACQUISITION; (II) PROPOSED JOINT VENTURE; AND (III) PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

MALAYSIAN BULK CARRIERS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
MALAYSIAN BULK CARRIERS BERHAD ("MBC" OR THE "COMPANY")

(I)	     PROPOSED ACQUISITION;

(II)	     PROPOSED JOINT VENTURE; AND

(III)	     PROPOSED DIVERSIFICATION 

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Unless otherwise defined, the abbreviations and definitions used in the announcement dated 29 August 2023 (“Announcement”) and the circular to the shareholders of MBC dated 9 November 2023 (“Circular”) in relation to the Proposals shall apply herein.

 

We refer to the Announcement and the Circular in relation to the Proposals.

 

On behalf of the Board, Kenanga IB wishes to announce that:-

 

(i)            MBC Logistic Hub and KLSB had on 23 November 2023, entered into a supplementary agreement pursuant to the SPA to extend the SPA Cut Off Date; and

 

(ii)           MBC and GVVSB had on 23 November 2023, entered into a supplementary agreement pursuant to the SSA to extend the SSA Cut Off Date,

 

for a further period commencing from 29 November 2023, being the immediate date following the expiry of the SPA Cut-Off Date and the SSA Cut-Off Date, to 28 January 2024, to fulfil the SPA Conditions Precedent and SSA Conditions Precedent.

 

Save as disclosed above, there are no other variation to the terms and conditions of the SPA and SSA.

 

This announcement is dated 23 November 2023.






Announcement Info

Company Name MALAYSIAN BULK CARRIERS BERHAD
Stock Name MAYBULK
Date Announced 23 Nov 2023
Category General Announcement for PLC
Reference Number GA1-23112023-00064



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X