Asset Acquisitions and Disposals::SETTLEMENT OFFER & PROPOSED DISPOSAL OF SHAREHOLDING IN MAJU INTAN BIOMASS ENERGY SDN BHD

Issuer & Securities

Issuer/ Manager
ASIATIC GROUP (HOLDINGS) LIMITED
Securities
ASIATIC GROUP (HOLDINGS) LTD - SG1N86910089 - 5CR
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
08-May-2023 17:34:35
Status
New
Announcement Sub Title
SETTLEMENT OFFER & PROPOSED DISPOSAL OF SHAREHOLDING IN MAJU INTAN BIOMASS ENERGY SDN BHD
Announcement Reference
SG230508OTHRS99V
Submitted By (Co./ Ind. Name)
Yoo Loo Ping
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached:

1) Announcement on Settlement offer for amount due to Financier of Maju Intan Biomass Energy Sdn Bhd ("MJE") and proposed disposal of shareholding in MJE; and

2) Media Release - Asiatic Secures White Knight for Troubled Biomass Project.

Attachments

AGHL-Annc-Disposal of MJE.pdf
AGHL-News Release-Disposal of MJE.pdf
Total size =380K