REPL::Asset Acquisitions and Disposals::Proposed Acquisition of 60% Shareholding Interest in TT Oil (Singapore) Pte. Ltd.

Issuer & Securities

Announcement Title: Asset Acquisitions and Disposals
Date &Time of Broadcast: 31-Jan-2025 12:20:07
Status: Replacement
Announcement Sub Title: Proposed Acquisition of 60% Shareholding Interest in TT Oil (Singapore) Pte. Ltd.
Announcement Reference: SG250130OTHRE9JS
Submitted By (Co./ Ind. Name): Ng Joo Khin
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Note: This replacement announcement is being made to rectify an inadvertent error in the announcement sub-title where it was stated that the acquisition is for 50% (instead of 60%) shareholding in TT Oil (Singapore) Pte. Ltd.

Further to the Company's announcement on the Memorandum of Understanding entered into on 19 December 2024 and as supplemented, please find attached an announcement on the signing of a share purchase agreement between the Company and Poly Million Group Pte. Ltd. for the acquisition of a 60% shareholding interest in TT Oil (Singapore) Pte. Ltd. as well as details of the acquisition and related matters.

Total size =195K