Shareholders are advised that Labat has entered into negotiations with All Trading Proprietary Limited (“the Purchaser”), a related party to the Company, for the disposal of Labat’s equity interests in some of the Company’s subsidiaries, which if successfully concluded, may have a material effect on the price of the Company's securities (“the Transaction”).
The Company will release further details of the Transaction in due course. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a full announcement is made.
The Board of Labat, collectively and individually, accepts responsibility for the information contained in this announcement and certifies that, to the best of its knowledge and belief, the information contained in this announcement relating to Labat is true and this announcement does not omit anything likely to affect the importance of such information.