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Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
Type
| Announcement | |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
PROPOSED ACQUISITION BY REACH ENERGY VENTURES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF REACH ENERGY OF 60% EQUITY INTEREST IN PALAEONTOL B.V., A WHOLLY-OWNED SUBSIDIARY OF PALAEONTOL COOPERATIEF U.A. WHICH IN TURN IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MIE HOLDINGS CORPORATION ("MIEH") AND 60% OF THE SHAREHOLDER LOANS FROM MIEH FOR A TOTAL CASH CONSIDERATION OF USD154,889,000, SUBJECT TO ADJUSTMENTS ("PROPOSED ACQUISITION") |
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We refer to the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016 and 12 April 2016 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Announcements. On behalf of the Board, HLIB and Maybank IB wish to announce that the Company has been notified by MIEH that MIEH has on 15 June 2016 released an announcement on HKEX in relation to the initial testing phase result for an exploration well located in the Aidai block. Aidai block is one of the drillable prospects forming part of the 850.3 km2 Contract Block located in the Mangistau Oblast in the southwestern region of Kazakhstan in connection with the Proposed Acquisition. Please refer to the attached file for a copy of the announcement released by MIEH dated 15 June 2016.
This announcement is dated 16 June 2016. |
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Announcement Info
| Company Name | REACH ENERGY BERHAD |
| Stock Name | REACH |
| Date Announced | 16 Jun 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16062016-00012 |
Attachments
- MIE_Announcement_-_Aidai_block.pdf (Size: 45,122 bytes)