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 Total Purchase Consideration 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 Proposals. 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.
