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2018-01-17 11:14 | Report Abuse
PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY")
-TERMINATION OF SHAREHOLDERS' AGREEMENT DATED 21 AUGUST 2013 BETWEEN PERISAI PRODUCTION HOLDINGS SDN BHD ("PPHSB"), EMAS OFFSHORE LIMITED ("EOL") AND EMAS VICTORIA (L) BHD ("EVLB") - [EVLB SHA]
Unless otherwise defined in this announcement, all terms used herein shall have the same meanings as those defined in the earlier announcement in relation to the Proposed Settlement Agreement dated 23 December 2016.
We refer to our announcements dated 23 December 2016, 2 March 2017, 21 April 2017, 17 May 2017, 24 May 2017, 10 July 2017, 17 August 2017 and 27 September 2017 respectively.
The Board of Directors of Perisai wishes to announce that on 15 January 2018, PPHSB, a wholly-owned subsidiary of Perisai has written to the Company Secretary of EVLB to serve a notice that a termination event (details of which are as set out in the ensuing paragraph) has occurred enabling PPHSB to terminate the EVLB SHA.
EOL has released two (2) public announcements dated 31 August 2017, which stated as follows:
EOL entered into a binding term sheet with certain potential investors as part of the financial restructuring of EOL and its subsidiaries (“the Group”)
In connection with the restructuring, EOL voluntarily applied to the High Court under Section 211B(1) of the Companies Act (Cap. 50)
EOL intends to undertake the restructuring to substantially deleverage the Group’s balance sheet and strengthen its working capital position to enable its business to continue as a going concern
EOL’s ongoing efforts to restructure its debts coupled with EOL’s application in OS997/2017 under Section 211B(1) of the Companies Act (Cap. 50) show that EOL has resolved to enter into a scheme of arrangement or compromise for the benefit of its creditors or any class of them. This amounted to an event of default under clause 14.1(c) of the EVLB SHA.
In light of the default, pursuant to PPHSB’s rights under Clause 14 of the EVLB SHA, PPHSB requires EOL to sell 37,333,604 ordinary shares held by EOL in EVLB to PPHSB on the 30th day from the date of the termination notice at 10.00 a.m. on 14 February 2018 (Malaysia time) at the price of USD1.00, which completion shall take place at the registered office of EVLB.
The Company will make further announcement on the development as and when necessary.
This announcement is dated 15 January 2018.
2017-12-07 16:44 | Report Abuse
bjcorp now triple top now bjcorp in downtrend at bear market will drop back to 30
2017-11-29 16:41 | Report Abuse
bjcorp now triple top will drop back to 30
2017-11-17 12:13 | Report Abuse
Looiks i know big taiko inside will not drop below 5 sen but can retrace to 5 sen
2017-11-17 11:30 | Report Abuse
double top ,macd dead cross soon next will drop
2017-11-16 16:20 | Report Abuse
星期一到星期二跌5XX支,昨天跌6XX支,今天跌7XX支,大户大量出票,明天跌8XX。下周全部跌...股灾来咯...现金为王 !
2017-11-09 15:11 | Report Abuse
debt 22 millions cash 1.3 millions ,three year financial straight losses 62,262 millions
2017-10-12 16:52 | Report Abuse
limch Brahmal every time buy tech company
2017-08-22 11:14 | Report Abuse
oskvi is mtouche big holders...my friend work inside osk they selling 0.70 i follow...
2017-08-22 11:04 | Report Abuse
wops, march start uptrend from 0.20 i buy, last month i sell 0.70 ,now 0.22 i bought some...
2017-08-22 10:56 | Report Abuse
last month i sell 0.70 , now 0.22 buy back some ...hehe...
2017-05-08 13:21 | Report Abuse
JackMa123 you do ecommerce very well better you expanse related business ,don't invest you dun know sector... touch oil later you burn become charcoal...
2017-05-08 12:31 | Report Abuse
ezra no money repayment maturity 1billions bond,delisting in SGX ...perisai also bye bye soon...
2017-05-08 12:01 | Report Abuse
ezra bankrupt ...perisai any time delisting ...
2017-05-02 14:38 | Report Abuse
17 Apr 2017 LIONIND LEMBAGA TABUNG HAJI Disposed 100,000 units
2017-04-21 12:45 | Report Abuse
Mbmr -wa will expiry 14/6/2017
conversion price 3.20
mother price now 2.39
those have warrant will burn
2017-04-21 12:44 | Report Abuse
Mbmr -wa will expiry 14/6/2017
conversion price 3.20
mother price now 2.39
those have warrant will burn
2017-04-18 16:42 | Report Abuse
fong siling want takeover SKH to build factory and selling sunzi book
2017-04-14 16:13 | Report Abuse
Att: seacera -wa will expiry soon...warrant trap
maturity date 16/5/2017
conversion price 1.00
2017-04-14 16:12 | Report Abuse
Att:beware liondiv
PN17 restructuring due in april..liondiv no submit restructuring plan to bursa,will delisting soon...
2017-04-14 15:08 | Report Abuse
beware buy seacera -wa will expiry soon...warrant trap
maturity date 16/5/2017
conversion price 1.00
2017-03-16 09:18 | Report Abuse
LIONIND LEMBAGA TABUNG HAJI (400,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (350,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,250,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (2,500,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,244,200 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,500,000 units Disposed)
2017-03-13 11:23 | Report Abuse
myongcc5 i take profit already ...wait buy back 50c
2017-03-13 11:20 | Report Abuse
that why before liondiv suspend end of march lembaga tabung haji selling lionind
2017-03-13 11:18 | Report Abuse
liondiv hold have shares holding in lionind ....liondiv bankructcy lionind also impact...
2017-03-13 11:18 | Report Abuse
liondiv hold have shares holding in lioncor ...lioncor bankructcy liondiv impact
2017-03-13 11:12 | Report Abuse
liondiv end of mach PN17 will suspend and delisted
2017-03-13 11:09 | Report Abuse
Monday, 6 Mar 2017
LIONIND LEMBAGA TABUNG HAJI (400,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (350,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,250,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (2,500,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,244,200 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,500,000 units Disposed)
2017-03-13 11:08 | Report Abuse
Monday, 6 Mar 2017
LIONIND LEMBAGA TABUNG HAJI (400,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (350,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,250,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (2,500,000 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,244,200 units Disposed)
LIONIND LEMBAGA TABUNG HAJI (1,500,000 units Disposed)
2016-11-01 11:27 | Report Abuse
SELANGOR goverment losses money in puncak
2016-10-14 11:44 | Report Abuse
Git13 you calll everybody buy, you want make everybody die at Kstar
2016-10-11 10:02 | Report Abuse
bank tightening loans impact sales big drop
2016-10-11 09:47 | Report Abuse
Blameuse why you sell this steel not strong...
Stock: [SMTRACK]: SMTRACK BERHAD
2018-01-19 16:40 | Report Abuse
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