SUMATEC - MEMORANDUM OF UNDERSTANDING
Announcement Type: General Announcement
| Company Name | SUMATEC RESOURCES BERHAD |
| Stock Name | SUMATEC |
| Date Announced | 11 Jul 2014 |
| Category | General Announcement |
| Reference No | OS-140711-51980 |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | FRAMEWORK AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL IN BORNEO ENERGY OIL AND GAS LIMITED FROM ABU TALIB BIN ABDUL RAHMAN AND DR MURAT SAFIN (“FRAMEWORK AGREEMENT”) |
On behalf of the Board of Sumatec, M&A Securities Sdn Bhd wishes to announce that the Company, had on 11 July 2014 entered into a framework agreement with Abu Talib bin Abdul Rahman and Dr Murat Safin (collectively, the “Vendors”) for the purpose of pursuing the proposed acquisition of 100% of the issued and paid-up share capital in Borneo Energy Oil and Gas Limited from the Vendors (“Framework Agreement”) (“Proposed Acquisition”). Further details of the Framework Agreement is provided in the attachment attached herein. This announcement is dated 11 July 2014. | |
No comments:
Post a Comment