NHB

1.300

+0.02 (+1.6%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NUENERGY HOLDINGS BERHAD ("NUENERGY" OR THE "COMPANY") PROPOSED ACQUISITION BY IL ENERGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF NUENERGY HOLDINGS BERHAD, COMPRISING: (A) 100% EQUITY INTEREST IN ARMANI SINAR SDN BHD FOR A PURCHASE CONSIDERATION OF RM30,000,000 IN CASH; AND (B) SOLAR ASSETS IN ARMANI ENERGY SDN BHD FOR A PURCHASE CONSIDERATION OF RM68,000,000 IN CASH (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

NUENERGY HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
NUENERGY HOLDINGS BERHAD ("NUENERGY" OR THE "COMPANY")

PROPOSED ACQUISITION BY IL ENERGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF NUENERGY HOLDINGS BERHAD, COMPRISING:

(A) 100% EQUITY INTEREST IN ARMANI SINAR SDN BHD FOR A PURCHASE CONSIDERATION OF RM30,000,000 IN CASH; AND

(B) SOLAR ASSETS IN ARMANI ENERGY SDN BHD FOR A PURCHASE CONSIDERATION OF RM68,000,000 IN CASH

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the announcements dated 17 July 2024, 1 August 2024, 4 September 2024, 26 September 2024, 27 September 2024, 10 January 2025, 5 February 2025, 5 May 2025, 7 May 2025, 8 August 2025, 29 December 2025, 31 March 2026 and 30 June 2026 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, Kenanga IB wishes to announce that the Purchaser and the Vendor of the Solar Assets had on 30 September 2026 mutually agreed to further extend the Completion Date of the SPA from 30 September 2026 to 31 December 2026, or such other date as may be agreed in writing between the parties, in accordance with the provisions of the SPA.

 

Since the previous announcement dated 30 June 2026 to date, the Company continues to work towards completing the novation of the remaining two (2) SARE Related Contracts. The extension of time is required to allow for the completion of the necessary consent process with the national electric utility company.

 

Notwithstanding, the Board is of the view that the extension of time until 31 December 2026 will allow the Company to progress towards completion of the novation for the remaining two (2) SARE Related Contracts.

 

Save for the above, all other provisions of the SPA remain unchanged and in full force and effect.

 

This announcement is dated 30 September 2026.



Announcement Info

Company Name NUENERGY HOLDINGS BERHAD
Stock Name NHB
Date Announced 30 Sep 2026
Category General Announcement for PLC
Reference Number GA1-30092026-00097


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