MULTIPLE PROPOSALS AEON CREDIT SERVICE (M) BERHAD ("ACSM" OR THE "COMPANY") I) PROPOSED BONUS ISSUE; AND II) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS").
|AEON CREDIT SERVICE (M) BERHAD|
AEON CREDIT SERVICE (M) BERHAD ("ACSM" OR THE "COMPANY") I) PROPOSED BONUS ISSUE; AND II) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS").
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 23 March 2017)
We refer to the announcements dated 23 March 2017 and 27 March 2017 in relation to the Proposals.
On behalf of the Board of Directors of ACSM, CIMB Investment Bank Berhad is pleased to announce that the Company has on 28 April 2017 procured an irrevocable and unconditional undertaking from AEON Financial Service Co., Ltd ("AFS") to subscribe in full for its rights entitlement under the Proposed Rights Issue (“Undertaking”). Further details of the Undertaking are as follows:
The Undertaking represents a commitment by AFS to subscribe to its full rights entitlement under the Proposed Rights Issue of approximately RM257.90 million based on its current shareholding in ACSM.
Further, in order to ensure that this subscription level is maintained, AFS has also irrevocably and unconditionally undertaken not to reduce its shareholding in ACSM so that its shareholding in ACSM as at the ICULS Entitlement Date for the Proposed Rights Issue, is no less than its existing shareholding in ACSM.
This announcement is dated 28 April 2017.
|Company Name||AEON CREDIT SERVICE (M) BERHAD|
|Date Announced||28 Apr 2017|
|Category||General Announcement for PLC|