SAPURA RESOURCES BERHAD (“SRB” OR “COMPANY”)
I. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 49% EQUITY INTEREST IN APIIT SDN BHD (“APIIT”) TO ILMU EDUCATION GROUP SDN BHD (“ILMU”) AFTER THE PROPOSED REORGANISATION FOR A TOTAL CASH CONSIDERATION OF RM58,000,000 (“PROPOSED DISPOSAL OF APIIT”);
II. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 49% EQUITY INTEREST IN ASIA PACIFIC UNIVERSITY SDN BHD (“APU”) TO ILMU FOR A TOTAL CASH CONSIDERATION OF RM161,988,000 (“PROPOSED DISPOSAL OF APU”); AND
III. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 37.61% INTEREST IN ASIA PACIFIC INSTITUTE OF INFORMATION TECHNOLOGY LANKA (PVT) LIMITED (“APIIT LANKA”) TO ILMU FOR A TOTAL CASH CONSIDERATION OF RM27,000,000 (“PROPOSED DISPOSAL OF APIIT LANKA”)
(The above are collectively referred to as “Proposed Disposals”)
On behalf of SRB, we wish to announce that the shareholders of SRB had, at the Extraordinary General Meeting (“EGM”) of the Company which was held today, approved the ordinary resolution as set out in the Notice of EGM dated 31 May 2016.
This announcement is dated 15 June 2016.