We refer to the
announcements on 20 April 2012, 30 April 2012 and 2 May 2012 in relation to the
Proposed Private Placement (“Announcements”).
Unless otherwise defined, the definitions set out in the Announcements shall
On behalf of the Board, AFFIN Investment wishes to announce
that Bursa Securities has, vide its letter dated 18 May 2012 (which was
received on 21 May 2012), approved the listing of and quotation for up to 10% of
the issued and paid-up share capital of the Company (excluding treasury
shares), subject to the following conditions:
(i) M3 and AFFIN Investment must fully comply with the
relevant provisions under the Bursa Securities ACE Market Listing Requirements
(“ACE LR”) pertaining to the
implementation of the Proposed Private Placement;
(ii) M3 and AFFIN Investment to inform Bursa Securities
upon the completion of the Proposed Private Placement; and
(iii) M3 to furnish Bursa Securities with a written
confirmation of its compliance with the terms and conditions of Bursa
Securities’ approval once the Proposed Private Placement is completed.
M3 is required
to ensure full compliance of all the requirements as provided under the ACE LR
at all times.
This announcement is
dated 21 May 2012.