SINGAPORE, Dec. 12, 2017 /PRNewswire/ —
1. Introduction
1.1 The Board of Directors (the “Board“) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group“) refers to the announcements made on 31 August 2017, 4 September 2017 and 26 September 2017 (“Previous Announcements“). Unless otherwise defined, terms used in the Previous Announcements shall have the same meanings when used herein.
2.Update on Investment by the Potential Investors
2.1 It was announced in the Previous Announcement that, inter alia, the Term Sheet may be terminated, and the Restructuring Exercise contemplated may be abandoned, at any time prior to closing by any of the Potential Investors or the Company, …
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