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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES FARLIM GROUP (MALAYSIA) BHD ("FARLIM" OR "COMPANY") PROPOSED BONUS ISSUE OF 28,065,220 NEW ORDINARY SHARES IN FARLIM ("FARLIM SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 5 EXISTING FARLIM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE")

FARLIM GROUP (MALAYSIA) BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
FARLIM GROUP (MALAYSIA) BHD ("FARLIM" OR "COMPANY")

PROPOSED BONUS ISSUE OF 28,065,220 NEW ORDINARY SHARES IN FARLIM ("FARLIM SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 5 EXISTING FARLIM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE")

We refer to the announcement dated 29 March 2018 and 2 April 2018 (“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 5 April 2018, resolved to approve the listing of and quotation for 28,065,220 Bonus Shares on the Main Market of Bursa Securities to be issued pursuant to the Proposed Bonus Issue.

 

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

 

(i) Farlim and Affin Hwang IB must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue;

 

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

 

(iii) Farlim and Affin Hwang IB to furnish a certified true copy of the resolution passed by the shareholders at the shareholders’ meeting for the Proposed Bonus Issue;

 

(iv) Farlim 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; and

 

(v) Farlim and Affin Hwang IB are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements.

 

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

 

This announcement is dated 6 April 2018.






Announcement Info

Company Name FARLIM GROUP (MALAYSIA) BHD
Stock Name FARLIM
Date Announced 06 Apr 2018
Category General Announcement for PLC
Reference Number GA1-06042018-00078



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