General Announcement for PLC

01/06/2022

OTHERS YTL POWER INTERNATIONAL BERHAD ("YTL POWER") PROPOSED ACQUISITION OF THE POWER PLANT AND ASSOCIATED ASSETS OF TUASPRING PTE. LTD. BY YTL POWERSERAYA PTE. LIMITED ("YTL POWERSERAYA"), A WHOLLY-OWNED SUBSIDIARY OF YTL POWER, FROM THE RECEIVERS AND MANAGERS OF TUASPRING PTE. LTD. FOR A TOTAL PURCHASE CONSIDERATION OF SINGAPORE DOLLARS (SGD) 331.45 MILLION ("PROPOSED ACQUISITION")

YTL POWER INTERNATIONAL BHD

Type Announcement
Subject OTHERS
Description 
YTL POWER INTERNATIONAL BERHAD ("YTL POWER")

PROPOSED ACQUISITION OF THE POWER PLANT AND ASSOCIATED ASSETS OF TUASPRING PTE. LTD. BY YTL POWERSERAYA PTE. LIMITED ("YTL POWERSERAYA"), A WHOLLY-OWNED SUBSIDIARY OF YTL POWER, FROM THE RECEIVERS AND MANAGERS OF TUASPRING PTE. LTD. FOR A TOTAL PURCHASE CONSIDERATION OF SINGAPORE DOLLARS (SGD) 331.45 MILLION ("PROPOSED ACQUISITION")

We refer to our announcement dated 12 March 2020 in relation to the Proposed Acquisition (“Announcement”).

 

The Board of Directors of YTL Power is pleased to announce that the Proposed Acquisition has been completed today for a cash consideration of SGD270.0 million (equivalent to approximately RM864.0 million, based on the prevailing exchange rate of SGD1.00:RM3.20).

 

The original purchase consideration of SGD331.45 million to be settled as to SGD230.0 million in cash and SGD101.452 million comprising ordinary shares and loan notes amounting to 7.54% of the post-acquisition equity in YTL Utilities (S) Pte. Limited, the immediate holding company of YTL PowerSeraya, has been reduced to a purely cash consideration of SGD270.0 million.

 

Save as described above all other terms and conditions set out in the Announcement remain unchanged.

 

This announcement is dated 1 June 2022.



Announcement Info

Company Name YTL POWER INTERNATIONAL BHD
Stock Name YTLPOWR
Date Announced 01 Jun 2022
Category General Announcement for PLC
Reference Number GA1-01062022-00026


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