TPC Consolidated (ASX:TPC) agreed with Wollar Solar, a Beijing Energy International (Australia) subsidiary, to amend the scheme implementation agreement under which Wollar Solar proposes to acquire the company through a scheme of arrangement, according to a Tuesday filing with the Australian bourse.
The amendment will extend the sunset date for Wollar Solar to obtain Foreign Investment Review Board approval to June 30, the filing said.
The agreement may be terminated if approval is not received by June 30 or if other conditions precedent to the scheme are not satisfied by Aug. 31 and the parties cannot agree on how to proceed with the transaction, per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.