Reference is made to the Company's announcement made on 3
April 2019 ("Announcement").
(Unless otherwise defined, capitalised terms used in this announcement shall have
the same meaning as those given to them in the initial announcement made on 3 April
2019.)
As disclosed in the item 2.6 of the Announcement, the Purchase Consideration for the
Proposed Acquisition will be fully satisfied via cash which is expected to be generated
from a fund raising exercise by way of issuance of 1.0% equity-linked redeemable
convertible notes in relevant tranches up to an aggregate principal amount of RM200.0
million.
The Board of Directors of Sino wishes to update that there is a change in the source of
funding for the Proposed Acquisition. The Purchase Consideration will be fully satisfied
via cash which may be generated either from internally generated funds, external
borrowings and/or some form of fund raising exercise, if deemed necessary.
This announcement is dated 13 June 2019.
