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PR Newswire
10-03-2018, 12:13 AM
Circular for the RTO, funny that Eucon is one of the comparison coy:
http://infopub.sgx.com/FileOpen/20180312...eID=492311
...
The Board understands from the Subscriber that on Tranche 1 Completion and subject to
the resolution for the Proposed Diversification being approved by Shareholders, the new
board of directors and management of the Company will actively look for potential
investment opportunities by way of acquisition or otherwise in the Infrastructure Business.
Please see Section 5.7 for the Subscriber’s intentions with respect to the board
composition and senior management of the Company upon Tranche 1 Completion.
As and when the opportunities arise, upon satisfaction of the relevant due diligence
investigation, the Company will enter into definitive documentation in order to implement
its investment in the Infrastructure Business subsequent to Tranche 1 Completion. The
Subscriber is in the midst of sourcing potential infrastructure assets that may be suitable
for acquisition by the Company. As at the Latest Practicable Date, the Subscriber has
informed the Company that it has identified a controlling stake in an operational and
profitable airport which is available for sale. For the avoidance of doubt, the Subscriber
has not committed to any concrete investment plans and as such, the proposed acquisition
of the said airport may not necessarily materialise. In addition, the Subscriber will not rule
out the possibilities to bring in other strategic partners/investors to participate in the future
projects to be identified in relation to the Infrastructure Business that the Group intends to
engage in.
...
http://infopub.sgx.com/FileOpen/20180312...eID=492311
...
The Board understands from the Subscriber that on Tranche 1 Completion and subject to
the resolution for the Proposed Diversification being approved by Shareholders, the new
board of directors and management of the Company will actively look for potential
investment opportunities by way of acquisition or otherwise in the Infrastructure Business.
Please see Section 5.7 for the Subscriber’s intentions with respect to the board
composition and senior management of the Company upon Tranche 1 Completion.
As and when the opportunities arise, upon satisfaction of the relevant due diligence
investigation, the Company will enter into definitive documentation in order to implement
its investment in the Infrastructure Business subsequent to Tranche 1 Completion. The
Subscriber is in the midst of sourcing potential infrastructure assets that may be suitable
for acquisition by the Company. As at the Latest Practicable Date, the Subscriber has
informed the Company that it has identified a controlling stake in an operational and
profitable airport which is available for sale. For the avoidance of doubt, the Subscriber
has not committed to any concrete investment plans and as such, the proposed acquisition
of the said airport may not necessarily materialise. In addition, the Subscriber will not rule
out the possibilities to bring in other strategic partners/investors to participate in the future
projects to be identified in relation to the Infrastructure Business that the Group intends to
engage in.
...