0 Bewertungen0% fanden dieses Dokument nützlich (0 Abstimmungen)
83 Ansichten1 Seite
The Board of RH Petrogas Limited announced that discussions regarding a potential takeover offer have not progressed since May 20, 2014. While an investor had previously expressed interest, the controlling shareholders have not received any offer or indication of terms. There is no certainty that further discussions will result in an agreement or transaction. Shareholders are advised to exercise caution when dealing in company shares until there are material developments.
The Board of RH Petrogas Limited announced that discussions regarding a potential takeover offer have not progressed since May 20, 2014. While an investor had previously expressed interest, the controlling shareholders have not received any offer or indication of terms. There is no certainty that further discussions will result in an agreement or transaction. Shareholders are advised to exercise caution when dealing in company shares until there are material developments.
The Board of RH Petrogas Limited announced that discussions regarding a potential takeover offer have not progressed since May 20, 2014. While an investor had previously expressed interest, the controlling shareholders have not received any offer or indication of terms. There is no certainty that further discussions will result in an agreement or transaction. Shareholders are advised to exercise caution when dealing in company shares until there are material developments.
On 20 May 2014, the Board of Directors (Board) of RH Petrogas Limited (the Company) announced that the controlling shareholders of the Company, namely Surreyville Pte Ltd, Sharptone Investments Limited and RH Capital Limited (Controlling Shareholders), had been approached by an investor and had engaged in discussions regarding a potential proposal which may lead to a takeover offer of shares in the Company.
The Board wishes to announce that, based on the update from the Controlling Shareholders, there has been no further discussions or progress regarding the matter between the parties since the Companys last announcement on 20 May 2014. Although the potential investor has previously expressed interest in investing in the Company, the Controlling Shareholders have to- date not received any offer nor indication of terms thereof from the potential investor.
In view of the above, there is no certainty that the parties will engage in any further discussions which will result in any definitive agreement or transaction. The Company will make an appropriate announcement in the event that there are any material developments on this matter. Meanwhile, shareholders of the Company and investors are therefore advised to exercise caution when dealing in shares in the Company.
BY ORDER OF THE BOARD
Chang Cheng-Hsing Francis Group CEO & Executive Director 20 June 2014