NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING AMALGAMATED INDUSTRIAL STEEL BERHAD ("AISB" OR "COMPANY") PROPOSED PRIVATE PLACEMENT

AMALGAMATED INDUSTRIAL STEEL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
AMALGAMATED INDUSTRIAL STEEL BERHAD ("AISB" OR "COMPANY")

PROPOSED PRIVATE PLACEMENT

We refer to the Company’s announcements dated 28 April 2017, 2 May 2017 and 19 May 2017 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the abbreviations and definitions used in the Announcements shall apply herein.

On behalf of the Board of Directors of AISB, RHB Investment Bank is pleased to announce that Bursa Securities had, vide its letter dated 19 May 2017, approved the listing and quotation of up to 12,507,767 new ordinary shares in AISB to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i) AISB and RHB Investment Bank, the adviser for the Proposed Private Placement must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;

(ii) AISB and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement;

(iii) RHB Investment Bank 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; and

(iv) RHB Investment Bank to furnish Bursa Securities with a certified true copy of the new resolution passed pursuant to Section 76 of the Companies Act 2016, in the event the existing authority has expired prior to the full implementation of the Proposed Private Placement.

This announcement is dated 19 May 2017.






Announcement Info

Company Name AMALGAMATED INDUSTRIAL STEEL BERHAD
Stock Name AISB
Date Announced 19 May 2017
Category General Announcement for PLC
Reference Number GA1-19052017-00022