[%uUPK%] [%gIZe%] 
Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

New Deadline: Ekovest and Knusford have agreed to extend the discussion period for the merger by six months, until January 27, 2025. This additional time will allow both parties to evaluate and deliberate the terms of the definitive agreement.

Operational Synergies: The merger aims to consolidate Lim’s construction and construction-related businesses under one entity. This could lead to improved operational efficiencies, cost savings, and a stronger market presence.

Ekovest’s Disposal: Disposing of ECSB for RM450 million can strengthen Ekovest’s balance sheet, reduce debt, and improve cash flow.

Knusford’s Financing: Issuing new shares rather than using cash preserves Knusford’s financial flexibility and liquidity.

$KLSE-EKOVEST $KLSE-KNUSFOR 
Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

New Deadline: Ekovest and Knusford have agreed to extend the discussion period for the merger by six months, until January 27, 2025. This additional time will allow both parties to evaluate and deliberate the terms of the definitive agreement.

Operational Synergies: The merger aims to consolidate Lim’s construction and construction-related businesses under one entity. This could lead to improved operational efficiencies, cost savings, and a stronger market presence.

Ekovest’s Disposal: Disposing of ECSB for RM450 million can strengthen Ekovest’s balance sheet, reduce debt, and improve cash flow.

Knusford’s Financing: Issuing new shares rather than using cash preserves Knusford’s financial flexibility and liquidity.