Date : 21 January 2026
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS VANTRIS ENERGY BERHAD (FORMERLY KNOWN AS SAPURA ENERGY BERHAD) ("VTEB" OR "THE COMPANY") DISPOSAL BY SAPURA NAUTICAL POWER PTE LTD ("SNPPL"), AN INDIRECT WHOLLY OWNED SUBSIDIARY OF THE COMPANY, OF ITS ENTIRE 40% EQUITY INTEREST IN L&T-SAPURA SHIPPING PVT. LTD. ("LTSSPL" OR "THE JV COMPANY") TO LARSEN & TOUBRO LIMITED ("L&T") FOR A SALE CONSIDERATION OF INR 1,223,904,412 (EQUIVALENT TO THE SUM OF APPROXIMATELY USD 13.6 MILLION) ("DISPOSAL")
| VANTRIS ENERGY BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | VANTRIS ENERGY BERHAD (FORMERLY KNOWN AS SAPURA ENERGY BERHAD) ("VTEB" OR "THE COMPANY")
DISPOSAL BY SAPURA NAUTICAL POWER PTE LTD ("SNPPL"), AN INDIRECT WHOLLY OWNED SUBSIDIARY OF THE COMPANY, OF ITS ENTIRE 40% EQUITY INTEREST IN L&T-SAPURA SHIPPING PVT. LTD. ("LTSSPL" OR "THE JV COMPANY") TO LARSEN & TOUBRO LIMITED ("L&T") FOR A SALE CONSIDERATION OF INR 1,223,904,412 (EQUIVALENT TO THE SUM OF APPROXIMATELY USD 13.6 MILLION) ("DISPOSAL") |
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Reference is made to the announcement dated 12 January 2026 in relation to the Disposal. Unless otherwise defined, all definitions used throughout this announcement shall have the same meaning as defined in our said earlier announcement.
The Board of Directors of the Company is pleased to announce that all the conditions precedent under the SPA have been fulfilled and completion of the SPA has taken place on 21 January 2026 in accordance with the terms and conditions of the SPA dated 12 January 2026.
This announcement is dated 21 January 2026. |
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Announcement Info
| Company Name | VANTRIS ENERGY BERHAD |
| Stock Name | VANTNRG |
| Date Announced | 21 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21012026-00065 |