Nextgreen Global Bhd

05/03/2021 | Press release | Distributed by Public on 05/03/2021 20:36

Termination Of The Investment Agreement Entered By The Company With Asia Capital Investment Fund ('ACIF') Via Subscription Of Preference Share By ACIF And Loan From ACIF In[...]

Type Announcement
Subject OTHERS
Description NEXTGREEN GLOBAL BERHAD ('NGGB' OR 'THE COMPANY') - TERMINATION OF THE INVESTMENT AGREEMENT ENTERED BY THE COMPANY WITH ASIA CAPITAL INVESTMENT FUND ('ACIF') VIA SUBSCRIPTION OF PREFERENCE SHARE BY ACIF AND LOAN FROM ACIF IN SPECIAL PURPOSE VEHICLE COMPANIES ULTIMATELY WHOLLY-OWNED BY NGGB

Reference is made to the Company's announcement made on 16 October 2018. Unless otherwise defined in the announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 16 October 2018.

The Board of Directors of Nextgreen Global Berhad ('NGGB' or 'the Company') wishes to announce that the Company has terminated the Investment Agreement with ACIF due to non-fulflment of the conditions precedent provided therein and the investment has not been materialised.

The termination of the Investment Agreement is not expected to have any material effect on the earnings per share and net assets per share of the Company for the financial year ending 31 December 2021.

This announcement is dated 3 May 2021.

Announcement Info

Company Name NEXTGREEN GLOBAL BERHAD
Stock Name NGGB
Date Announced 03 May 2021
Category General Announcement for PLC
Reference Number GA1-03052021-00056