CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED RATIFICATION IN RELATION TO THE TERMS OF THE LETTER AGREEMENT FOR THE SETTLEMENT OF THE GUARANTEED AMOUNT OF RM12.0 MILLION PURSUANT TO THE SHARE SALE AGREEMENT EXECUTED ON 18 JULY 2014 FOR THE ACQUISITION OF 5,000,000 ORDINARY SHARES IN MISI SETIA OIL & GAS SDN BHD (NOW KNOWN AS WZS MISI SETIA SDN BHD) (‘MISI SETIA’), REPRESENTING 100% EQUITY INTEREST IN MISI SETIA FOR A PURCHASE CONSIDERATION OF RM27.0 MILLION (‘PROPOSED RATIFICATION’)

Reference Number DCS-13072020-00008

Company Name Stock Name Date Announced
WZ SATU BERHAD WZSATU 10 July 2020
WZ SATU BERHAD
Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED RATIFICATION IN RELATION TO THE TERMS OF THE LETTER AGREEMENT FOR THE SETTLEMENT OF THE GUARANTEED AMOUNT OF RM12.0 MILLION PURSUANT TO THE SHARE SALE AGREEMENT EXECUTED ON 18 JULY 2014 FOR THE ACQUISITION OF 5,000,000 ORDINARY SHARES IN MISI SETIA OIL & GAS SDN BHD (NOW KNOWN AS WZS MISI SETIA SDN BHD) (‘MISI SETIA’), REPRESENTING 100% EQUITY INTEREST IN MISI SETIA FOR A PURCHASE CONSIDERATION OF RM27.0 MILLION (‘PROPOSED RATIFICATION’)



Please refer attachment below.