News

Reference is made to the Company’s announcement dated 27 October 2023 in relation to the execution of a binding heads of merger agreement in relation to the proposed merger of the construction and construction-related businesses of Ekovest and Knusford via the proposed acquisition by Knusford of the entire equity interest in Ekovest Construction Sdn Bhd from Ekovest (“Proposed Knusford-ECSB Merger”) (“Announcement”).  Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcement.

The Company wishes to announce that the Parties have mutually agreed for an extension of 2 months commencing from 28 May 2024 to 27 July 2024, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.

This announcement is dated 27 May 2024.