BURSA ANNOUNCEMENTS

(Capitalised terms used in this announcement shall have the same meanings as those used in the Company’s announcement dated 30 November 2020, unless otherwise stated.)

The Company refers to its announcement dated 30 November 2020 where it was announced that:

(i) TRSB had on 30 November 2020 entered into the SPA with EMH1, EMH2, EMH3, TGPH (as the Sellers) and TerraForm Global (as the Sellers’ warrantor) in respect of the Proposed Acquisition which entails the indirect proposed acquisition of the equity interests of the Sellers in three (3) Malaysian-incorporated FIAHs, being F11, CS and SP, being the subsidiaries of SE1, SE2 and SE3 respectively (“SESH SPA”); and

(ii) the Sellers, SEV Renewables, SEV, Capital Advisors Partners Asia Pte Ltd and CapAsia Solar One Ltd (“CapAsia”) had on 27 November 2020 entered into the Drag-Along Agreement to facilitate the Proposed Acquisition II. 

In connection with the above, the Company wishes to announce that TRSB has on 15 December 2020 entered into a conditional share sale and purchase agreement with SEV Renewables (“SEV SPA”) in respect of the Proposed Acquisition II.

Details of the Proposed Acquisition II are set out in the ensuing sections. The salient terms of the SEV SPA, which are substantially the same as the terms of the SESH SPA are set out in Appendix I of this Announcement.

This announcement is dated 15 December 2020.