Bursa Announcements
Date : 06 March 2025
MULTIPLE PROPOSALS EURO HOLDINGS BERHAD ("EURO" OR "COMPANY") (I) PROPOSED ACQUISITION; (II) PROPOSED DEBT SETTLEMENT; (III) PROPOSED PRIVATE PLACEMENT; (IV) PROPOSED RIGHTS ISSUE; (V) PROPOSED EXEMPTION 1; (VI) PROPOSED EXEMPTION 2; AND (VII) PROPOSED EXEMPTION 3 (COLLECTIVELY REFERRED TO AS "PROPOSALS")
| EURO HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | EURO HOLDINGS BERHAD ("EURO" OR "COMPANY")
(I) PROPOSED ACQUISITION;
(II) PROPOSED DEBT SETTLEMENT;
(III) PROPOSED PRIVATE PLACEMENT;
(IV) PROPOSED RIGHTS ISSUE;
(V) PROPOSED EXEMPTION 1;
(VI) PROPOSED EXEMPTION 2; AND
(VII) PROPOSED EXEMPTION 3
(COLLECTIVELY REFERRED TO AS "PROPOSALS") |
On behalf of the Board of Directors of the Company, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the Proposals, and on 6 March 2025:
(i) Eurosteel Line Sdn Bhd ("ELSB"), a wholly-owned subsidiary of EURO, had entered into a conditional sale and purchase agreement with Supreme Power Auto Sdn Bhd ("SPASB") for the Proposed Acquisition ("SPA"); and
(ii) EURO and its subsidiaries, namely Euro Space Industries (M) Sdn Bhd, Euro Chairs Manufacturer (M) Sdn Bhd, Euro Space System Sdn Bhd and ELSB (collectively, the "Borrowers"), had entered into a settlement agreement with Dato’ Sri Lim Teck Boon, Imponotive Auto Sdn Bhd, SPASB and Supreme Power Performance (M) Sdn Bhd for the Proposed Debt Settlement ("Settlement Agreement").
Further details of the Proposals are set out in the attachment.
This announcement is dated 6 March 2025.
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Please refer attachment below.
Attachments
EURO - Announcement (6.3.2025).pdf
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Announcement Info
| Company Name | EURO HOLDINGS BERHAD |
| Stock Name | EURO |
| Date Announced | 06 Mar 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06032025-00045 |