NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES RUBBEREX CORPORATION (M) BERHAD ("RUBBEREX" OR "COMPANY") PROPOSED BONUS ISSUE OF 554,850,234 NEW ORDINARY SHARES IN RUBBEREX ("BONUS SHARE(S)") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 1 EXISTING ORDINARY SHARES IN RUBBEREX HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER

RUBBEREX CORPORATION (M) BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
RUBBEREX CORPORATION (M) BERHAD ("RUBBEREX" OR "COMPANY")

PROPOSED BONUS ISSUE OF 554,850,234 NEW ORDINARY SHARES IN RUBBEREX ("BONUS SHARE(S)") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 1 EXISTING ORDINARY SHARES IN RUBBEREX HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER

Unless otherwise defined, the definitions set out in the previous announcements in relation to the Proposed Bonus Issue shall apply herein.

 

On behalf of the Board of Directors of the Company, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 11 September 2020, approved the listing of and quotation for 554,850,234 Bonus Shares to be issued pursuant to the Proposed Bonus Issue on the Main Market of Bursa Securities subject to the following conditions:

 

(i)    Rubberex and M&A Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;

 

(ii)   Rubberex and M&A Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

 

(iii) M&A Securities is required 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) Rubberex is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the EGM for the Proposed Bonus Issue; and

 

(v)   Rubberex is required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements in relation to the Proposed Bonus Issue.

 

 

This announcement is dated 11 September 2020.






Announcement Info

Company Name RUBBEREX CORPORATION (M) BERHAD
Stock Name RUBEREX
Date Announced 11 Sep 2020
Category General Announcement for PLC
Reference Number GA1-11092020-00116