NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SARAWAK CABLE BERHAD (“SCB” OR THE “COMPANY”) PRIVATE PLACEMENT OF UP TO 31,705,000 NEW ORDINARY SHARES IN SCB (“SCB SHARES” OR “SHARES”), REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SCB (“PRIVATE PLACEMENT”)

SARAWAK CABLE BERHAD

 

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SARAWAK CABLE BERHAD ("SCB" OR THE "COMPANY")
 
PRIVATE PLACEMENT OF UP TO 31,705,000 NEW ORDINARY SHARES IN SCB ("SCB SHARES" OR "SHARES"), REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED 
SHARES OF SCB ("PRIVATE PLACEMENT")

We refer to the announcements made on 2 October 2019 and 4 October 2019 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of SCB, Kenanga IB wishes to announce that Bursa Securities has, vide its letter dated 8 October 2019, approved the listing and quotation of up to 31,705,000 new SCB Shares to be issued pursuant to the Private Placement subject to the following conditions:

 

(i) SCB and Kenanga IB must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Private Placement;

 

(ii) SCB and Kenanga IB to inform Bursa Securities upon the completion of the Private Placement;

 

(iii) SCB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed; and

 

(iv) SCB must submit to Bursa Securities details of the placees in accordance with Paragraph 6.15 of the LR as soon as practicable before the listing of the new shares to be issued pursuant to the Private Placement.

 

This announcement is dated 8 October 2019.

 


Announcement Info

Company Name SARAWAK CABLE BERHAD
Stock Name SCABLE
Date Announced 08 Oct 2019
Category General Announcement for PLC
Reference Number GA1-08102019-00049

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