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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS STRAITS ENERGY RESOURCES BERHAD ("STRAITS" OR THE "COMPANY") PROPOSED ACQUISITION OF THE REMAINING 33% EQUITY INTEREST IN STRAITS MARINE FUELS & ENERGY SDN BHD ("SMF") ("PROPOSED ACQUISITION")

STRAITS ENERGY RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
STRAITS ENERGY RESOURCES BERHAD ("STRAITS" OR THE "COMPANY")

PROPOSED ACQUISITION OF THE REMAINING 33% EQUITY INTEREST IN STRAITS MARINE FUELS & ENERGY SDN BHD ("SMF") ("PROPOSED ACQUISITION")

On behalf of the Board of Directors of Straits ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that Straits had, on 30 November 2023 entered into a conditional shares sale and purchase agreement with Tumpuan Megah Development Sdn Bhd ("TMD") for the proposed acquisition of 330,000 SMF Shares, representing 33% of the equity interest in SMF for a purchase consideration of RM3,663,619 to be satisfied entirely via cash.

Further details of the Proposed Acquisition are set out in the attachment.

 

This announcement is dated 30 November 2023.




Please refer attachment below.



Announcement Info

Company Name STRAITS ENERGY RESOURCES BERHAD
Stock Name STRAITS
Date Announced 30 Nov 2023
Category General Announcement for PLC
Reference Number GA1-30112023-00079



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