Gemilang International Limited has announced a third extension of the “Conditional Period” related to its proposed acquisition of the entire issued share capital of, and advances due by, GML Premier Sdn. Bhd.

Under the original Conditional Share Sale Agreement signed on 26 October 2023, Gemilang and the vendors were required to secure both the Malaysian governmental Conversion Approval and State Approval within 12 months. The parties first pushed the deadline to 26 April 2026 and, as disclosed on 24 April 2026, have now mutually agreed to a further extension of one year, moving the final date to 26 April 2027.

All other terms and conditions of the Conditional Share Sale Agreement remain unchanged and in full force. The board continues to comprise Chairman and CEO Pang Chong Yong, executive directors Pang Jun Jie and Yik Wai Peng, and independent non-executive directors Huan Yean San, Andrew Ling Yew Chung and Kwok Yuen Lam Sophia.