TGOFFS - OTHERS TANJUNG OFFSHORE BERHAD (“TANJUNG” OR THE “COMPANY”) PROPOSED ACQUISITION OF THE MARINE OFFSHORE BUSINESSES OF THE VENDOR GROUP (AS DEFINED IN THE ANNOUNCEMENT DATED 5 JUNE 2014) BY TANJUNG
| Company Name | TANJUNG OFFSHORE BERHAD |
| Stock Name | TGOFFS |
| Date Announced | 29 Dec 2014 |
| Category | General Announcement |
| Reference No | OD-141229-56462 |
| Type | Announcement |
| Subject | OTHERS |
| Description | TANJUNG OFFSHORE BERHAD (“TANJUNG” OR THE “COMPANY”) PROPOSED ACQUISITION OF THE MARINE OFFSHORE BUSINESSES OF THE VENDOR GROUP (AS DEFINED IN THE ANNOUNCEMENT DATED 5 JUNE 2014) BY TANJUNG |
Unless otherwise defined, all the abbreviations and definitions used in this announcement shall have the same meaning as the words and expressions used in the earlier announcements made on 5 June 2014 in relation to the Proposals (as defined in the announcement dated 5 June 2014). We refer to the article entitled “Tanjung Offshore to abort Bourbon RTO deal?” that appeared on The Edge Financial Daily today. On behalf of the Board of Directors of Tanjung (“Board”), AFFIN Hwang Investment Bank Berhad (formerly known as HwangDBS Investment Bank Berhad) (“AFFIN Hwang IB”) wishes to announce that Tanjung and the Vendor Group (as defined in the announcement dated 5 June 2014 comprising Farid Khan Bin Kaim Khan and his business partners, Mower Tunggal Jaya PT, Megagold Indonesia PT and Zona Maju Mapan PT and their business partners and Bourbon Far East Pte Ltd) have, via an exchange of letter, mutually agreed to terminate the heads of agreements in relation to the Proposals (“HOAs”) on 29 December 2014 (“Termination Letter”) with immediate effect without any legal and financial recourse against each other. The parties have decided to mutually terminate the Proposals as the economic and financial conditions for an agreement satisfying both parties cannot be met in view of the declining oil prices. The mutual termination is not expected to have any material impact on the net assets and profitability of Tanjung for the financial year ending 31 December 2014. A copy of the Termination Letter will be made available for inspection at the registered office of Tanjung at 802, 8th Floor, Block C, Kelana Square, 17 Jalan SS7/26, 47301 Petaling Jaya, Selangor Darul Ehsan during normal office hours on Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement. This announcement is dated 29 December 2014. | |
SUPERLN - Special Dividend
| Company Name | SUPERLON HOLDINGS BERHAD |
| Stock Name | SUPERLN |
| Date Announced | 29 Dec 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | CM-141229-60412 |
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