Announcement

PUBLIC NOTICE

 

PROPOSED DISPOSAL OF EQUITY INTEREST IN TADAU ENERGY SDN BHD

 

 

Edra Solar Sdn Bhd (Company No. 1057995-U) (“ESSB”), a wholly-owned subsidiary of Edra Power Holdings Sdn Bhd, intends to dispose of its entire equity interest in Tadau Energy Sdn Bhd (“Proposed Disposal”).

 

The details of the Proposed Disposal are as follows:

 

Company

Tadau Energy Sdn Bhd (“Company”)

Company No.

Company No. 1148988-K

Nature of business

Solar power generation

Issued and Paid Up Capital

RM62,500,000.00

No. of sale shares

1,000,000 shares (“Sale Shares”)

Class of shares

Ordinary

Percentage of shareholding

1.6%

Reserved Price

RM2,000,000.00

 

ESSB now wishes to invite interested parties to submit expressions of interest to purchase the Sale Shares. All expressions of interest to purchase the Sale Shares must be submitted to the following:

 

Datuk Mohamad Nor bin Ali

mnor.ali@edra.energy

 

by no later than 12.00pm on 4 June 2020. Any late submissions will not be entertained.

 

For avoidance of doubt, this notice does not in any way constitute an offer for sale of the Sale Shares by ESSB, nor an offer for subscription or purchase of any other securities in the Company. ESSB reserves the right, exercisable at its absolute discretion, to reject any expressions of interest or offers to purchase the Sale Shares and ESSB shall have no liability whatsoever to any person in respect thereof.