Ekovest, major shareholder Lim Kang Hoo extend deadline of proposed Credence Resources acquisition to Oct 29

• The proposed acquisition, initiated on Oct 28, 2023, involves the purchase of a 70% stake in CRSB for a consideration of RM1.15 billion.

KUALA LUMPUR (Sept 30): Ekovest Bhd (KL:EKOVEST) 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 on Monday, 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% stake in CRSB for a consideration of RM1.15 billion.

(Read also: Ekovest, Lim Kang Ho extend deadline for RM1.15 bil Credence deal to Aug 29

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