KAB TO ACQUIRE MINI HYDRO POWER PLANT IN INDONESIATerm Sheet Agreement • January 19th, 2022
Contract Type FiledJanuary 19th, 2022Under the Term Sheet Agreement, KABEH will acquire the entire issued share capital of PT Inpola Mitra Elektrindo (“PT IME”) for a purchase consideration of ten thousand Ringgit Malaysia (RM10,000.00). KABEH’s acquisition shall be free from all encumbrances. PT IME will also be released from all liabilities and encumbrances upon the full settlement of the purchase consideration and outstanding debt of up to RM61.5 million.