NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HOCK HENG STONE INDUSTRIES BHD ("HOCK HENG" OR THE "COMPANY") PROPOSED PLACEMENT OF UP TO 10% OF HOCK HENG'S TOTAL NUMBER OF ISSUED SHARES ("PROPOSED PLACEMENT")

HOCK HENG STONE INDUSTRIES BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
HOCK HENG STONE INDUSTRIES BHD ("HOCK HENG" OR THE "COMPANY")

PROPOSED PLACEMENT OF UP TO 10% OF HOCK HENG'S TOTAL NUMBER OF ISSUED SHARES ("PROPOSED PLACEMENT")

We refer to the announcements made on 11 March 2019 and 12 March 2019 in relation to the Proposed Placement (“Announcements”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 13 March 2019, approved the listing of and quotation for up to 7,996,100 new Shares to be issued pursuant to the Proposed Placement, subject to the following conditions:

(i)     Hock Heng and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Placement;

(ii)    Hock Heng and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Placement;

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

(iv)   Hock Heng to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Sections 75 and 76 of the Companies Act, 2016, in the event the existing authority has expired prior to the full implementation of the Proposed Placement.

This announcement is dated 14 March 2019.






Announcement Info

Company Name HOCK HENG STONE INDUSTRIES BHD
Stock Name HOKHENG
Date Announced 14 Mar 2019
Category General Announcement for PLC
Reference Number GA1-13032019-00089