02-07-2018, 03:25 PM
(05-09-2017, 02:40 AM)cyclone Wrote: Entry into A Binding Term Sheet with Respect to Proposed Investment into Emas Offshore Limited
Baker Technology Limited announced that the Company's wholly owned subsidiary, BT Investment Pte. Ltd. ("BTI") has on 29 August 2017 entered into a binding term sheet with Point Hope Pte. Ltd. ("Point Hope", and together with BTI, the "Potential Investors") and EMAS Offshore Limited ("EOL", and together with its subsidiaries and associated companies, the "EOL Group"), in relation to a potential cash investment by the Potential Investors (and/or their respective nominees or funds under their management) into EOL as part of a financial restructuring of the EOL Group.
More details in http://infopub.sgx.com/FileOpen/BTL_Anno...eID=469496
Baker Technology Limited announced that BTI had on 2 July 2018 terminated the Term Sheet by notice in writing to EOL. Accordingly, BTI will no longer be proceeding with the Investment.
Specuvestor: Asset - Business - Structure.