Announcements


Date: 27 January 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS SAPURAKENCANA PETROLEUM BERHAD (“SKPB” OR “COMPANY”) PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND OUTSTANDING COMMON SHARES OF NEWFIELD MALAYSIA HOLDING INC. FOR A TOTAL PURCHASE PRICE OF UNITED STATES DOLLAR (“USD”) 898,000,000 TO BE SATISFIED ENTIRELY BY CASH (“PROPOSED ACQUISITION”)

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description SAPURAKENCANA PETROLEUM BERHAD (“SKPB” OR “COMPANY”)

PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND OUTSTANDING COMMON SHARES OF NEWFIELD MALAYSIA HOLDING INC. FOR A TOTAL PURCHASE PRICE OF UNITED STATES DOLLAR (“USD”) 898,000,000 TO BE SATISFIED ENTIRELY BY CASH (“PROPOSED ACQUISITION”)

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the circular to shareholders dated 21 November 2013 in relation to the Proposed Acquisition.)

We refer to the announcements dated 22 October 2013, 23 October 2013 and 21 November 2013, in relation to the Proposed Acquisition.   

On behalf of the Company, CIMB Investment Bank Berhad is pleased to announce that the Foreign Exchange Administration Department of Bank Negara Malaysia had via its letter dated 24 January 2014 informed that the SKPB Group may proceed with the proposed borrowings to finance the acquisition of the entire shareholdings of Newfield Malaysia. 


This announcement is dated 27 January 2014.



Back