Announcement Details/Table Section :
We refer to the announcements made by Maybank Investment Bank Berhad ("Maybank IB"), on behalf of the Board of Directors of SGB ("Board"), on 29 February 2012 and 29 June 2012 respectively on the heads of agreement entered into between SGB and Scomi Marine Bhd ("SMB"), an associate company of SGB, on 29 February 2012 in relation to, inter-alia, the Proposed SOL Disposal.
Further to the abovementioned announcements, the Board had on 24 July 2012 announced that the Company proposed to undertake the Proposed SOL Reorganisation and, upon the completion of the Proposed SOL Disposal, to undertake the Proposed SOBL Western Acquisition. Further reference is made to the announcements dated 8 August 2012, 4 October 2012, 12 October 2012, 5 November 2012, 12 November 2012, 27 November 2012, 13 December 2012, 17 December 2012, 21 December 201226 December 2012, 31 December 2012 and 4 January 2013.
All the terms and definitions referred to in this announcement, unless otherwise defined, shall carry the same meaning as those in the abovementioned announcements.
The Board wishes to announce that the Proposed Vibratherm Disposal being part of the Proposed SOL Reorganisation, had been completed on 10 January 2013. The Company received the confirmation of completion of the Proposed Vibratherm Disposal on 14 January 2013.
This announcement is dated 14 January 2013.