MULTIPLE PROPOSALS

Company Name SYF RESOURCES BERHAD
Stock Name SYF
Date Announced 01 Jul 2022
Category General Announcement for PLC
Reference Number GA1-01072022-00068

Type Announcement
Subject MULTIPLE PROPOSALS
Description
SYF RESOURCES BERHAD ("SYF" OR "COMPANY")

(I)     PROPOSED DISPOSALS;
(II)    PROPOSED SPECIAL DIVIDEND CUM CAPITAL REPAYMENT;
(III)   PROPOSED ACQUISITION;
(IV)  PROPOSED RIGHTS ISSUE;
(V)   PROPOSED RESTRICTED ISSUE;
(VI)  PROPOSED EXEMPTION; AND
(VII) PROPOSED CHANGE OF NAME

(COLLECTIVELY, THE "PROPOSALS")

(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcements dated 6 October 2021, 26 November 2021, 2 December 2021, 28 January 2022, 5, 15 and 20 April 2022 and 1 June 2022 in relation to the Proposals (“Announcements”)).

 

We refer to the Company’s Announcements in relation to the Proposals.

 

Pursuant to the SSPA dated 6 October 2021 and the Supplemental SSPA dated 2 December 2021 entered into between the Company and Insas, the Conditions Precedent shall be satisfied within nine (9) months commencing from the date of the SSPA, i.e. 5 July 2022. On behalf of the Board, Malacca Securities wishes to announce that the Company and Insas had on 1 July 2022, mutually agreed to extend the Conditional Period by an additional six (6) months to a period no later than 4 January 2023 to fulfill the Conditions Precedent.

 

Save for the above, all other terms and conditions of the SSPA and the Supplemental SSPA and all other instruments and agreements executed, delivered or entered into thereunder or pursuant thereto remain unchanged.

 

This announcement is dated 1 July 2022.






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