July 11, 2014

Company announcements: SUMATEC

SUMATEC - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced11 Jul 2014  
CategoryGeneral Announcement
Reference NoOS-140711-51980

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionFRAMEWORK 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.



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