DELEUM

1.300

+0.01 (+0.8%)

Proposed acquisition of business and assets by Deleum Oilfield Solutions (Thailand) Co., Ltd. ("DOST") from MPC Future Co., Ltd. ("MPC") ("Proposed Transaction")

DELEUM BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-20062025-00001
Subject Proposed acquisition of business and assets by Deleum Oilfield Solutions (Thailand) Co., Ltd. ("DOST") from MPC Future Co., Ltd. ("MPC") ("Proposed Transaction")
Description
DELEUM BERHAD ("DELEUM" OR "THE COMPANY") 
- REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") DATED 20 JUNE 2025 PERTAINING TO THE PROPOSED ACQUISITION OF BUSINESS AND ASSETS BY DELEUM OILFIELD SOLUTIONS (THAILAND) CO., LTD. FROM MPC FUTURE CO., LTD.
Query Letter Contents

We refer to your Company’s announcement dated 16 June 2025 in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

  1. salient terms and conditions of the preference shares to be issued by DOST.

  2. brief details of the major contracts, call-out work arrangements and agreements owned by or under the control or in the possession of MPC and used in the conduct of the Target Business to be acquired.

  3. total consideration payable by DSSB to subscribe for the ordinary shares and preference shares in DOST.

  4. basis of arriving at the aggregate consideration of RM60 million.

  5. justifications for the aggregate consideration of RM60 million.

  6. details of the “obligations arising from and in connection with the SPA, SSA and other agreements” and to specify “other agreements”.

  7. effects of the Proposed Transaction on the earnings per share of DELEUM.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

 

Listing

Regulation 

c.c. : Market Surveillance Dept., Securities Commission Malaysia (via email)

Please refer to the attachment below for our reply to the query as mentioned above. 

 

This announcement is dated 23 June 2025.



Please refer attachment below.



Announcement Info

Company Name DELEUM BERHAD
Stock Name DELEUM
Date Announced 23 Jun 2025
Category General Announcement for PLC
Reference Number GA1-23062025-00021