Brief: Reach Energy Clarifies On News Article Regarding Reach To Buy Remaining 40% In Emir-Oil Concession

MIE Holdings

04/09/2019 10:40

Sept 4 (Reuters) - Reach Energy Bhd  RESE.KL :
    * CLARIFIES ON NEWS ARTICLE IN STARBIZ ON TUESDAY, 27 AUG
REGARDING "REACH TO BUY REMAINING 40% IN EMIR-OIL CONCESSION"
    * BOARD DENIES THAT, AS AT SEPT 4, THE COMPANY HAS ENTERED
INTO
ANY ARRANGEMENTS OR NEGOTIATIONS WITH MIE HOLDINGS CORP
    * DENIES REPORTS CO HAS SECURED FUNDING OF UP TO US$110
MILLION
FROM A PRIVATE EQUITY FUND
    * DENIES CO RECEIVED ANY OFFER FROM MIE FOR ANY ACQUISITION
OF
MIE’S INTEREST IN PBV, NOR HAS ANY OFFER BEEN MADE TO MIE

Source ( http://bit.ly/2PE7hsh)
Further company coverage:  RESE.KL 

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