AsiaPhos Limited
Global Resources SP (Taiwan) owns 76.59% of Helio Energy Two Corporation, a Taiwan-based solar assets owner and operator whose primary business activities are those of renewable energy development and solar asset management.
In a bourse filing on SGX on Nov 20, AsiaPhos
The transaction documents were initially scheduled to be executed on or before Nov 17.
With the extension letter, the termination date for the term sheet has been extended to Dec 31, with an agreed target date to complete the transaction extended between January 31, 2024 and Feb 28, 2024.
AsiaPhos has reminded shareholders that the Term Sheet is non-binding and the proposed acquisition is subject to numerous conditions and further due diligence, including the entry into transaction documents.
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As such, there is no assurance that the parties will be able to complete the proposed acquisition, says the company. “Shareholders are therefore asked to exercise caution when dealing in the shares of the company and should consult their legal, financial, tax and other professional advisers if they have any doubt as to the action to take.”
Shares in AsiaPhos closed unchanged at 0.9 cents on Nov 20.
