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2020

Date Descriptions

17-01-2020

Further to the Company’s announcement made on 23 July 2019, the board of directors of the Company announced that its indirect wholly owned subsidiary, IL Power Sdn Bhd (Registration No. 201501022872(1148201-K)) had on 16 January 2020 received an outcome letter dated 6 January 2020 from the Energy Commission of Malaysia informing that its bid for the LSS3 Project was not successful. Hence, the MOU entered into between IL Energy and SHOL will no longer be valid and will terminate with immediate effect.

11-03-2020

PROPOSED DISPOSAL OF 65% EQUITY INTEREST IN INTEGRATED ETERN LOGISTICS (SUZHOU) CO. LIMITED (“IEL SUZHOU”), BY INTEGRATED LOGISTICS (H.K.) LIMITED (“ILHK”), AN INDIRECT 70% OWNED SUBSIDIARY OF INTEGRATED LOGISTICS BERHAD (“ILB”), TO SWJ CN LOGIPORT PTE. LTD. (“SWJ”) FOR A CASH CONSIDERATION OF RMB217.1 MILLION (EQUIVALENT TO APPROXIMATELY RM128.7 MILLION) SUBJECT TO ADJUSTMENT SUM (“PROPOSED DIPOSAL”)

We refer to the announcements dated 19 December 2019, 20 December 2019 and 10 March 2020 (“Announcements”) and the circular to the shareholders dated 24 February 2020 (“Circular”) in relation to the Proposed Disposal. Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Announcements and the Circular.

On behalf of the Board, Kenanga Investment Bank Berhad wishes to announce that all the conditions precedent under the SPA in respect of the Proposed Disposal have been fulfilled.