NOVA MSC BERHAD
07 Apr 2016
We refer to the announcements dated 18 January 2016, 5 February 2016, 17 March 2016 and 5 April 2016 (“Announcements“) and the circular to the shareholders of NOVAMSC dated 21 March 2016 (“Circular“). Unless otherwise defined, the definitions set out in the Announcements and Circular shall apply herein.
On behalf of the Board, RHBIB is pleased to announce that the conditions precedent for the SSA has been fulfilled today.
In addition, the Proposed Acquisition has been completed today and 45,454,545 new NOVAMSC Shares has been issued and allotted to Stone Villa in accordance with the terms of the SSA.
Following the completion of the Proposed Acquisition, the shareholding of NOVAMSC in CNAD has increased from 20% equity interest to 51% equity interest, resulting in CNAD being a 51%-owned subsidiary of NOVAMSC.
This announcement is dated 7 April 2016.
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