TEAGUN INVESTMENTS PTY. LTD

Symal Group - Timms Group and L&D Group

Symal Group Limited (Symal Group), through its wholly owned subsidiaries, proposes to acquire all of the business and assets of: the Timms business from Timms Contracting Pty Ltd, Timms Hire Pty Ltd and Teagun Investments Pty Ltd (collectively referred to as Timms Group); and the L&D business from Churinga (Investments) Pty Ltd as trustee for the Churinga Trust and Adawin Pty Ltd (collectively referred to as L&D Group). As part of the transaction, Symal NG Property Pty Ltd may enter into a licence for the property located at 36 Frederick Street, Northgate, QLD 4013 (the Property), which is owned by Clarkson-Jones Investments (Qld) Pty Ltd, K Parsons Investments (Qld) Pty Ltd, Timms Investments (Qld) Pty Ltd and Jones Investments (Qld) Pty Ltd. Symal Group is an Australian based self-performing contractor providing construction and engineering services, specialising in the roads, rail, defence, justice, ports and energy sectors. The services provided by Symal Group include various forms of construction, project management, plant and equipment hire, material sales and recycling and repurposing. Timms Group is a Tier 2 contractor that provides plant-intensive civil works and hauling services for infrastructure and construction projects in Queensland. L&D Group is a Tier 1 contractor on infrastructure and construction projects in Queensland, including the provision of demolition, bulk earthworks, site preparation and construction services. Symal Group does not currently supply the services offered by Timms Group and L&D Group in Queensland.