TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PEGASUS HEIGHTS BERHAD ("PHB" OR THE "COMPANY") (I) PROPOSED ACQUISITION OF THE BUSINESS OF CHINPAKLOONG ARCHITECT FROM CHIN PAK LOONG FOR A PURCHASE CONSIDERATION OF RM16.0 MILLION ("PROPOSED ACQUISITION"); AND (II) PROPOSED DIVERSIFICATION INTO ARCHITECTURAL BUSINESS ("PROPOSED DIVERSIFICATION"). (COLLECTIVELY REFERRED TO AS "PROPOSALS")

PEGASUS HEIGHTS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PEGASUS HEIGHTS BERHAD ("PHB" OR THE "COMPANY")

(I)	PROPOSED ACQUISITION OF THE BUSINESS OF CHINPAKLOONG ARCHITECT FROM CHIN PAK LOONG FOR A PURCHASE CONSIDERATION OF RM16.0 MILLION ("PROPOSED ACQUISITION"); AND
(II)	PROPOSED DIVERSIFICATION INTO ARCHITECTURAL BUSINESS ("PROPOSED DIVERSIFICATION").
(COLLECTIVELY REFERRED TO AS "PROPOSALS")

We refer to the announcements made on 31 October 2019 and 1 November 2019 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 18 December 2019, resolved to approve the listing of 2,807,017,543 Consideration Shares to be issued pursuant to the Proposed Acquisition.

The approval granted by Bursa Securities for the listing and quotation of the Consideration Shares is subject to the following conditions:

(i) PHB and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition;

(ii) PHB and TA Securities to inform Bursa Securities upon the completion of the Proposed Acquisition;

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

(iv) Compliance by PHB with the public shareholding spread upon completion of the Proposed Acquisition. In this connection, TA Securities is to furnish a schedule containing the information set out in Appendix 8E, Chapter 8 of the Listing Requirements to Bursa Securities, upon completion of the Proposed Acquisition; and

(v) PHB to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed Acquisition.

PHB is required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.

This announcement is dated 19 December 2019.






Announcement Info

Company Name PEGASUS HEIGHTS BERHAD
Stock Name PHB
Date Announced 19 Dec 2019
Category General Announcement for PLC
Reference Number GA1-19122019-00010