Major shareholders of MMP Resources in talks with Lloyds Energy to sell shares

Singapore

VARIOUS substantial shareholders of MMP Resources have entered into a non-binding term sheet to potentially sell their shares to Lloyds Energy Ltd, the board of the mainboard-listed construction company announced on Thursday before the market opened.

Dubai-based Lloyds Energy and the major shareholders are in the process of negotiating and finalising the definitive agreements in respect of the proposed share sale and purchase, MMP Resource's board said.