Unless otherwise expressly defined herein, all capitalised terms in this announcement shall bear the same meanings ascribed to them in (i) the announcements made by the Company on 2 October 2017, 15 November 2017, 31 January 2018 and 29 June 2018 in relation to the Kempas Agreement (the “Announcements”); and (ii) the shareholders’ circular dated 15 November 2017 (the “Circular”) despatched by the Company to the Shareholders in respect of the Proposed Transactions.
Further to the Announcements, the Circular and the Company’s update to shareholders via its recently announced financial results for the financial period ended 30 June 2018, in relation to the Kempas Acquisition, the Board wishes to announce that the Company’s subsidiary, Tree Top Realty Sdn. Bhd. and Regal Sapphire Sdn Bhd are currently still in the process of fulfilling the conditions precedent set out in the Kempas Agreement. As such, Tree Top Realty Sdn. Bhd. and Regal Sapphire Sdn Bhd have on 11 September 2018, mutually agreed to extend the date for the fulfilment of the conditions precedent to 31 December 2018.
BY ORDER OF THE BOARD
Long Chee Tim, Daniel
CEO and Executive Director
11 September 2018