GE15 NEWS   Tuan Ibrahim is opposition leader in Pahang State Assembly | 
BUSINESS

Gamuda: Concession companies, ALR agree to extend long stop date to Oct 31

03/10/2022 07:55 PM

KUALA LUMPUR, Oct 3 (Bernama) -- Gamuda Bhd’s four Klang Valley highway concession holding companies and Amanat Lebuhraya Rakyat (ALR) have agreed to extend the shares sales purchase agreements (SSPAs) long stop date to Oct 31, 2022.

Gamuda said the SSPAs had been executed with ALR on Aug 8, 2022, it said in a filing with Bursa Malaysia today.

It said the extension is to enable ALR to make all payments required to the respective concession companies under the SSPAs (remaining condition precedent).

“The remaining condition precedent is to be fully satisfied on the anticipated issuance of ALR’s Sukuk Programme, which ALR expects to be by mid-October 2022,” Gamuda added.

It said the joint principal advisers, joint lead arrangers and joint lead managers for ALR’s Sukuk Programme had priced its RM5.5 billion nominal value AAA-rated sukuk on Sept 23, 2022.

-- BERNAMA


 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy