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New Issue Of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

BackMay 30, 2018
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

HIAP HUAT HOLDINGS BERHAD ("HIAP HUAT" OR THE "COMPANY") PROPOSED SPECIAL ISSUE OF 42,200,000 NEW ORDINARY SHARES IN HIAP HUAT TO BUMIPUTERA INVESTORS TO BE IDENTIFIED AND APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("PROPOSED SPECIAL ISSUE")

We refer to the announcements dated 9 March 2018 (“Initial Announcement”), 15 March 2018, 24 April 2018, 22 May 2018 and 23 May 2018 in relation to the Proposed Special Issue. Unless otherwise defined, capitalised terms used in this announcement have the same meanings as those given to them in the Initial Announcement.

On behalf of the Board, HLIB wishes to announce that Bursa Securities has, via its letter dated 30 May 2018, resolved to approve the listing of up to 42,200,000 new Hiap Huat Shares to be issued pursuant to the Proposed Special Issue on the ACE Market of Bursa Securities.

The approval by Bursa Securities for the above is subject to the following conditions:

  1. Hiap Huat and HLIB must fully comply with the relevant provisions under the Bursa Securities ACE Market Listing Requirements pertaining to the implementation of the Proposed Special Issue;
  2. Hiap Huat and HLIB to inform Bursa Securities upon the completion of the Proposed Special Issue; and
  3. Hiap Huat to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Special Issue is completed.

This announcement is dated 30 May 2018.




Announcement Info

Company Name HIAP HUAT HOLDINGS BERHAD
Stock Name HHHCORP
Date Announced 30 May 2018
Category General Announcement for PLC
Reference Number GA1-30052018-00112