Submitting Merchant Bank
:
AMINVESTMENT BANK BERHAD
Company Name
:
JAKS RESOURCES BERHAD
Stock Name
:
JAKS  
Date Announced
:
03/09/2013


Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
JAKS RESOURCES BERHAD ("JRB" OR "COMPANY")

PROPOSED JOINT VENTURE BETWEEN JAKS POWER HOLDING LIMITED ("JPH") AND WUHAN KAIDI ELECTRIC POWER ENGINEERING CO., LTD ("KAIDI") TO INVEST IN A 2 X 600 MEGAWATT COAL-FIRED THERMAL POWER PLANT ("PROPOSED JOINT VENTURE")

Announcement Details/Table Section :

This announcement is dated 3 September 2013.

We refer to the circular to shareholders dated 13 June 2013 ("Circular") and the subsequent announcement dated 28 June 2013 in relation to the Proposed Joint Venture.

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Circular.

On behalf of the Board, AmInvestment Bank wishes to announce that JRB Group and Kaidi had vide JPP's letter to Kaidi dated 29 August 2013 (which has been duly acknowledged by Kaidi on 3 September 2013), mutually agreed to further extend the cut-off date to fulfil the conditions precedent as set out in the Kaidi Subscription Agreement for a further period of two (2) months to 30 October 2013.


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