NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SENTORIA GROUP BERHAD ("SENTORIA" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | SENTORIA GROUP BERHAD ("SENTORIA" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
We refer to the announcements dated 21 September 2017 and 6 October 2017 ("Announcements"). (Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.) On behalf of the Board, Affin Hwang IB is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 24 October 2017, approved the following: (i) the listing of and quotation for up to 52,800,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; (ii) admission to the Official List and the listing of and quotation for up to 211,200,000 Warrants B to be issued pursuant to the Proposed Rights Issue; (iii) listing of and quotation for up to 211,200,000 new Sentoria Shares to be issued pursuant to the exercise of the Warrants B; (iv) listing of and quotation for up to 2,888,889 Warrants A to be issued pursuant to the adjustments to be made arising from the Proposals; and (v) listing of and quotation for up to 2,888,889 new Sentoria Shares to be issued pursuant to the exercise of the additional Warrants A. The approval of Bursa Securities for the Proposals is subject to the following conditions: (i) Sentoria and Affin Hwang IB must fully comply with the relevant provisions under the Main Market Listing Requirements ("Listing Requirements") pertaining to the implementation of the Proposals; (ii) Sentoria and Affin Hwang IB to inform Bursa Securities upon the completion of the Proposals; (iii) Sentoria to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposals are completed; (iv) Sentoria and Affin Hwang IB are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) and (b) and 6.35(4) of the Listing Requirements; (v) Sentoria to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposals; (vi) Sentoria is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payables; and (vii) To incorporate Bursa Securities' comments in respect of the draft circular to shareholders. Sentoria is required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times. This announcement is dated 25 October 2017. |