Moya-Asia

Moya-Asia - Grp annouced yesterday that that barring any unforeseen circumstances, it expects to be in a loss position for the 3-month financial period ended 31 Dec012 and consequently expects to report a net loss of up to approximately $1m for FY12, mainly as a result of an unexpected increase in project costs, which was due to design changes in relation to the Cambodia projects. Grp also announced that it is currently in discussions with IFC (a member of the World Bank Group) in relation to potential financing to partially fund the BOT Project. (Announced in 20th Feb 2012) The total cost of the BOT Project is estimated at approximately US$140m, as well as an additional US$20m for contingency purposes. Grp has requested SGX to extend its Rights trading period to 1 Feb13. An announcement of the revised timetable will be made by the Co in due course following confirmation of certain dates with relevant authorities.