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发表于 11-3-2009 09:24 PM
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General Announcement
Reference No MB-090311-63018
Submitting Merchant Bank : AMINVESTMENT BANK BERHAD
Company Name : RANHILL BERHAD
Stock Name : RANHILL
Date Announced : 11/03/2009
Type : Announcement
Subject : RANHILL BERHAD (“RANHILL” OR “COMPANY”)
PROPOSED DISPOSAL BY SAJ HOLDINGS SDN BHD (“SAJH”), AN INDIRECT SUBSIDIARY OF RANHILL, OF ALL ITS WATER ASSETS AND CORRESPONDING LIABILITIES TO PENGURUSAN ASET AIR BERHAD (“PAAB”), A COMPANY WHOLLY-OWNED BY THE MINISTER OF FINANCE INCORPORATED PURSUANT TO THE NATIONAL WATER SERVICES INDUSTRY RESTRUCTURING INITIATIVES (“PROPOSED DISPOSAL”)
Contents : -
Attachments : News release.pdf
Announcement.pdf
Announcement Details :
On behalf of the Board of Directors of Ranhill ("Board"), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce the execution of the following agreements by the subsidiaries of Ranhill on even date:-
(a) An agreement between SAJH (a wholly-owned subsidiary of Ranhill Utilities Berhad (“RUB”) which is in turn, a 70% subsidiary of Ranhill) and RUB with PAAB, the State Government of Johor (the “State Government”); the Government of Malaysia (the “Federal Government”) and Syarikat Air Johor Sdn Bhd (“SAJSB”, a wholly-owned company of the State Government) for the proposed disposal by SAJH of its water assets and the corresponding liabilities to PAAB (the “Master Agreement”); and
(b) The agreement between SAJH and PAAB whereby PAAB has agreed to grant to SAJH the right of use over all the water assets and new water assets owned by PAAB in the State of Johor (“Facility Agreement”).
Please refer to the attachment for the full announcement.
Further to the above, please also find attached the news release by the Company |
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