NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES DUFU TECHNOLOGY CORP. BERHAD ("DUFU" OR "COMPANY") PROPOSED BONUS ISSUE

DUFU TECHNOLOGY CORP. BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
DUFU TECHNOLOGY CORP. BERHAD ("DUFU" OR "COMPANY")

PROPOSED BONUS ISSUE

We refer to the announcements dated 20 January 2020 and 13 March 2020 ("Announcements").

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities had vide its letter dated 18 March 2020, resolved to approve the listing of and quotation for up to 267,618,367 Bonus Shares to be issued pursuant to the Proposed Bonus Issue.

The approval granted by Bursa Securities is subject to the following conditions: 

(i) Dufu and Affin Hwang IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Bonus Issue;

(ii) Dufu and Affin Hwang IB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

(iii) Affin Hwang IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed;

(iv) Dufu is required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements;

(v) Dufu to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at an extraordinary general meeting for the Proposed Bonus Issue;

(vi) Payment of outstanding processing fee based on the market value of the Bonus Shares to be listed (based on the adjusted price), if applicable. In this respect, the Company is required to furnish Bursa Securities a cheque drawn to the order of Bursa Malaysia Securities Berhad for the outstanding processing fee together with a copy of the details of the computation of the amount of fees payable; and

(vii) To incorporate the comments made in the circular to shareholders.

 

This announcement is dated 18 March 2020.






Announcement Info

Company Name DUFU TECHNOLOGY CORP. BERHAD
Stock Name DUFU
Date Announced 18 Mar 2020
Category General Announcement for PLC
Reference Number GA1-18032020-00061