On behalf of the Board of Directors of PEB, Hong Leong Investment Bank Berhad (“HLIB”)
wishes to announce that PEB has on 28 November 2019 entered into a heads of agreement
(“HOA”) with Wong Choi Ong, Pan Kum Wan, Exquisite Capitals Sdn Bhd, Lim Siew Kuen
and Tham Yew Leong (collectively, the “Vendors”) in relation to the proposed acquisition by
PEB of the entire equity interests in EMESB and AEPL (collectively, the “Target
Companies”) (“Proposed Acquisition”).

Pursuant to the HOA, the Company and the Vendors have agreed to negotiate for the
Proposed Acquisition, including making an assessment as to the most appropriate structure
and form the Proposed Acquisition should take place to regularise the Company’s condition
as a Cash Company. The Company and the Vendors undertake to discuss in good faith with
a view to sign a legally binding definitive agreement in relation to the Proposed Acquisition
(“Definitive Agreement”) within 6 months from the date of the HOA or such longer period as
may be mutually agreed between the Company and the Vendors in writing.

A detailed announcement will be made on Bursa Malaysia Securities Berhad (“Bursa
Securities”) upon execution of the Definitive Agreement pursuant to the Proposed
Acquisition. For information purposes, the Proposed Acquisition is intended to form part of the
Company’s overall regularisation plan to regularise its condition as a Cash Company in
accordance with Paragraph 8.03(5) of the Main Market Listing Requirements of Bursa
Securities.

Pursuant to the Proposed Acquisition, PEB intends to acquire the entire equity interests in the
Target Companies for a purchase consideration to be determined prior to the signing of the
Definitive Agreement. The purchase consideration for the Proposed Acquisition is dependent
on further negotiations between the Company and the Vendors as well as the outcome of the
due diligence to be conducted.

It is the intention of the Company to fully settle the purchase consideration for the Proposed
Acquisition via the issuance of new securities in PEB. Upon completion of the Proposed
Acquisition, the Target Companies shall become wholly-owned subsidiaries of PEB.

The Board of Directors of Kumpulan Powernet Berhad (“KPower” or “Company”) (“Board”) is
pleased to announce that the Company has on 28 November 2019, received a letter of award
from Signvest Sdn Bhd (“SSB”) to undertake amongst others, the construction and completion
of sewerage treatment facilities and upgrading works as well as the construction of a GBI
certified building of twelve (12) floors, all in Wilayah Persekutuan Kuala Lumpur (“Project”)
(“Award”).

The contract price is a fixed lump sum price of RM254,321,320.42 ("Contract
Price”) which shall not be subject to adjustment or recalculation should the actual
quantities of work and the goods or materials supplied differ from any estimates
used by the Company in the calculation of the Contract Price.

Unless u r banking on the revision to offer price....

AlfI3 - GO may not succeed if the offeror's resulting shareholding is less than 50% while the other major shareholder has provided undertaking not to accept. Considering your case, it may be better to just dispose shares at current price of 50sen?

FYI, the payment for GO shares will only come in after it becomes unconditional which may be earliest 2 months down the road... maybe the 5% would net off with your interest on loan already....