KUALA LUMPUR: Ekovest Bhd
and its major shareholder, Tan Sri Lim Kang Hoo, have mutually agreed to extend the deadline to finalise the proposed acquisition of Credence Resources Sdn Bhd (CRSB) from Oct 1, 2025 to Oct 29, 2025
In a filing with Bursa Malaysia today, the company said the extension would provide more time to deliberate on the proposed acquisition and for the parties to discuss, negotiate, and finalise the terms of the definitive agreement.
The company has extended the deadline for the proposed acquisition several times, the most recent being on Sept 30, 2025.
The proposed acquisition, initiated on Oct 28, 2023, involves the purchase of a 70 per cent stake in CRSB for a consideration of RM1.15 billion. - Bernama
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