Circular To Shareholders In Relation To The: Part A: (I) Proposed Settlement Of Debt Amounting To USD49,562,125.54 Or RM206,508,856.40 (RM1.00:USD0.24) Via The Issuance Of 1,032,544,282 New Ordinary Shares In Reach Energy Berhad ("REB") ("REB SHARES" Or "SHARES") To Super Racer Limited ("SRL" Or "OFFEROR") At An Issue Price Of RM0.20 Per Reb Share ("PRPPOSED DEBT SETTLEMENT"); And (II) Proposed Exemption For Srl And Mr. Cheung Siu Fai, Being The Person Acting In Concert With Srl ("PAC") Under Subparagraph 4.08(1)(B) Of The Rules On Take-Overs, Mergers And Compulsory Acquisitions From The Obligation To Undertake A Mandatory Take-Over Offer For The Remaining Reb Shares Not Already Held By Them Upon Completion Of The Proposed Debt Settlement ("PROPOSED EXEMPTION"). Part B: Independent Advice Letter From TA Securities Holdings Berhad In Relation To The Proposed Exemption

Please refer attachment below.

Announcement Info

Attachments

1. Reach_-_Circular.pdf (Size: 2,293,034 bytes)