GIKEN SAKATA (S) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 197903879W)
THE PROPOSED ACQUISITION OF SHARES IN CEPU SAKTI ENERGY PTE. LTD.
The board of directors of Giken Sakata (S) Limited (the "Company") refers to its previous announcements dated 11 April 2014 and 1 June 2014 (the "Previous Announcements").
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meaning as ascribed to them in the Previous Announcements.
2. Extension of the Production of Oil from Old Wells Agreement between PT Pertamina EP and PT Sarana Patra Jateng dated 3 November 2010
Further to the Previous Announcements, the Board wishes to announce that the Target Group has informed the Company that the Production of Oil from Old Wells Agreement between PT Pertamina EP and PT Sarana Patra Jateng dated 3 November 2010 has been extended until 3
The parties to the Agreement are in discussions to vary the terms of the Agreement relating to the timing of the Second Tranche payment as it is not intended that the Second Tranche payment will be made within the timing stipulated in the Agreement.
3. Caution in Trading
Further announcements will be made by the Company in due course.
Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders of the Company are advised to refrain from taking any action in respect of their securities in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company. In the event of any doubt, shareholders of the Company should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.
By Order of the Board
GIKEN SAKATA (S) LIMITED
Ng Say Tiong
Chief Financial Officer
30 June 2014
This announcement has been prepared by the Company and its contents have been reviewed by the company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company's Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Bernard Lui
Telephone number: (65) 6389 3000
Email address: firstname.lastname@example.org