Brief: Capital A Berhad Enters Letter Of Intent With Aetherium Acquisition Corp

Aetherium Acquisition

01/11/2023 10:21

Nov 1 (Reuters) - Capital A Berhad  CAPI.KL :
    * ENTERED INTO A LETTER OF INTENT WITH GMFI,
    * LETTER OF INTENT FOR PROPOSED BUSINESS COMBINATION BETWEEN
GMFI
AND CAPITAL A INTERNATIONAL
    * PROPOSED BUSINESS COMBINATION ENTAILS ACQUISITION OF ALL
ISSUED
AND OUTSTANDING SHARE CAPITAL OF CAPI BY GMFI
    * PROPOSED BUSINESS COMBINATION WILL RESULT IN CAPI BECOMING
A NEW
PUBLICLY LISTED COMPANY ON NASDAQ.
    * CAPI WILL ACQUIRE 100% EQUITY INTEREST IN BRAND AA
    * CAPI WILL ACQUIRE 100% EQUITY INTEREST IN FLEET
CONSOLIDATED PTE
LTD 
    * GMFI WILL ASCRIBE TO CAPI FOR AN  INDICATIVE EQUITY VALUE
OF $1
BILLION AND ADDITIONAL NET CASH PROCEEDS
    * COMPANY IS EXPECTED TO RECORD A ONE-OFF GAIN FROM THE
PROPOSED
BRAND COMBINATION 

Source text for Eikon:  ID:nKLS84CQZk 
Further company coverage:  CAPI.KL 

 ((Reuters.Briefs@thomsonreuters.com;))