Asset Acquisitions and Disposals::TERMINATION OF THE PROPOSED ACQUISITION OF UP TO 55% SHARES IN PT. CAHAYA SAKTI
Issuer & Securities
ASTI HOLDINGS LIMITED
ASTI HOLDINGS LIMITED - SG1G77872271 - 575
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
TERMINATION OF THE PROPOSED ACQUISITION OF UP TO 55% SHARES IN PT. CAHAYA SAKTI
Submitted By (Co./ Ind. Name)
Dato' Michael Loh Soon Gnee
Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
The Board refers to the announcement on 30 December 2016 that the Company had, on 29 December 2016 entered into the SPA with the Seller for the purchase by the Company of shares representing up to 55% of the total issued share capital of PT. Cahaya Sakti.
The Board wishes to announce that, as the Conditions set out in the SPA have not been fulfilled, the SPA has been terminated.
Project Rescue - SPA Announcement termination 20170723.pdf
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