News

We refer to the Company’s earlier announcements dated 3 December 2020, 8 December 2020, 24 December 2020, 12 January 2021, 14 January 2021, 15 January 2021, 18 January 2021, 19 January 2021, 22 January 2021 in relation to the Offer. Unless otherwise stated, the terms used herein shall have the same meaning as those defined in the offer document relating to the Offer dated 24 December 2020 ("Offer Document").

On behalf of the Board of Directors of QL Green, UOBKH wishes to announce that the Offeror had received valid acceptances in respect of the Offer Shares, (provided that such acceptances are not, where permitted, subsequently withdrawn), which have resulted in the Offeror holding in aggregate together with such Boilermech Shares that have been acquired, held, or entitled to be acquired or held, more than 50% of the voting shares in Boilermech as at 5.00 p.m. (Malaysian time) on Monday, 25 January 2021.

Accordingly, the Acceptance Condition has been fulfilled and the Offer has become unconditional as to acceptances on even date (“Unconditional Date”).

Pursuant to Paragraph 12.01 of the Rules, UOBKH has also, on behalf of the Offeror, announced that the Offer shall remain open for acceptances until 5.00 p.m. (Malaysian time) on Monday, 8 February 2021 being the 14th day from the Unconditional Date.

This announcement is dated 25 January 2021.