Reference is made to the announcements made in relation to the Proposal (“Announcements”). Unless otherwise defined herein, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.
Further to the Company’s announcement dated 31 January 2011, Alliance Investment Bank Berhad, on behalf of the Company, wishes to announce that Navis Asia VI Management Company Ltd (“Navis”) has, vide its letter dated 28 March 2011 (“Said Letter”), informed the Company that as at the date of the Said Letter it has completed and found satisfactory the legal and financial due diligence in respect of the entire business and undertaking of Latexx.
Further, Latexx and Navis have today agreed to an extension of six (6) weeks for the exclusivity period, to expire on 15 May 2011, to finalise the terms and conditions of the Definitive Agreement and other relevant documentation.
This announcement is dated 31 March 2011.