General Announcement for PLC

05/05/2022

OTHERS USD 120 MILLION BINDING OFFER TO ACQUIRE THE REMAINING 25% INTEREST IN KEY MALAYSIAN OPERATING SUBSIDIARIES, OM MATERIALS (SARAWAK) SDN BHD ("OM SARAWAK") AND OM MATERIALS (SAMALAJU) SDN BHD ("OM SAMALAJU")

OM HOLDINGS LIMITED

Type Announcement
Subject OTHERS
Description 
USD 120 MILLION BINDING OFFER TO ACQUIRE THE REMAINING 25% INTEREST IN KEY MALAYSIAN OPERATING SUBSIDIARIES, OM MATERIALS (SARAWAK) SDN BHD ("OM SARAWAK") AND OM MATERIALS (SAMALAJU) SDN BHD ("OM SAMALAJU")

The Board of Directors of OM Holdings Limited ("OMH" or "the Company") is pleased to announce that its wholly-owned subsidiary, OM Materials (S) Pte Ltd ("OMS") has entered into a binding letter of offer (conditional upon the future execution of a definitive agreement) with Samalaju Industries Sdn Bhd ("SISB") for SISB to sell all its shares held in OM Sarawak and OM Samalaju (collectively the "Targets") ("Sale Shares"). Following the sale and purchase of the Sale Shares, OMS which currently holds 75% of the equity interest in the Targets will increase its equity interest in the Targets to 100%.

 

 

 


Please refer attachment below.


Announcement Info

Company Name OM HOLDINGS LIMITED
Stock Name OMH
Date Announced 05 May 2022
Category General Announcement for PLC
Reference Number GA1-04052022-00001


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