MULTIPLE PROPOSALS VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") PROPOSED RIGHTS ISSUE WITH WARRANTS; PROPOSED ESOS; PROPOSED IASC; AND PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
|VSOLAR GROUP BERHAD|
VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") PROPOSED RIGHTS ISSUE WITH WARRANTS; PROPOSED ESOS; PROPOSED IASC; AND PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Reference is made to the announcements dated 8 December 2014, 9 January 2015 and 29 May 2015 in relation to the Proposals. For consistency, the abbreviations used throughout this announcement are the same as those in the previous announcements.
Pursuant to Paragraph 6.60(1) of the ACE Market Listing Requirements of Bursa Securities, a listed issuer must complete the implementation of a proposal relating to an issuance of securities within six (6) months from the date of approval by Bursa Securities. Bursa Securities vide its letter dated 29 May 2015 granted its approval for the Proposals. The six (6) month timeframe lapses on the 28 November 2015.
On behalf of the Board of Directors of Vsolar, M&A Securities Sdn Bhd wishes to announce that an application for extension of time of four (4) months up to 28 March 2016 to complete the Proposed Rights Issue with Warrants has been submitted to Bursa Securities.
This announcement is dated 17 September 2015.
|Company Name||VSOLAR GROUP BERHAD|
|Date Announced||17 Sep 2015|
|Category||General Announcement for PLC|