Announcement Details/Table Section :
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 24 July 2012 in relation to, among others, the Proposed Disposal.)
We refer to the announcements dated 29 February 2012, 29 June 2012, 24 July 2012, 15 October 2012 and 16 October 2012 in relation to, among others, the Proposed Disposals.
On behalf of the Board, Maybank Investment Bank Berhad wishes to announce the following:
(i) SGB and the parties to the SOL Agreement and SKMC Agreement have, vide letters dated 21 January 2013 mutually agreed to extend the period for the fulfilment of the conditions precedent to the SOL Agreement and SKMC Agreement respectively from 24 January 2013 to 31 March 2013; and
(ii) SGB and SMB have, vide a letter dated 21 January 2013 mutually agreed on the following:
(a) to extend the period for the fulfilment of the conditions precedent to the SSSB Agreement from 24 January 2013 to 31 March 2013; and
(b) in the event the amount of the SMB Assignment of Interco Loan exceeds the amount of the SSSB Consideration and Amount Owing, SGB to accord the surplus to SMB in cash, which will be funded via SGB's internally generated funds.
A copy of the letters mentioned in items (i) and (ii) above will be available for inspection at the registered office of SGB at Level 17, 1 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan during normal office hours from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.
This announcement is dated 21 January 2013.
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