KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“KEYWEST” OR THE “COMPANY”)March 28th, 2012
FiledMarch 28th, 2012HEADS OF AGREEMENT - PROPOSED ACQUISITION BY KEYWEST OF 75% ULTIMATE EQUITY INTEREST IN PT FORMASI SUMATERA ENERGI (“PTFSE”) VIA THE ACQUISITION OF CONVERTIBLE BONDS ISSUED BY MANJUNG NIAGA SDN BHD (“MANJUNG NIAGA”) FROM MARYLAND INTERNATIONAL OFFSHORE LTD (“MARYLAND” OR THE “VENDOR”) FOR A PURCHASE CONSIDERATION OF USD52.5 MILLION (EQUIVALENT TO APPROXIMATELY RM161.15 MILLION) (“PROPOSED ACQUISITION”)