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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS TADMAX RESOURCES BERHAD ("TADMAX" OR "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED EXEMPTION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

TADMAX RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
TADMAX RESOURCES BERHAD ("TADMAX" OR "COMPANY")

(I)	PROPOSED ACQUISITION; AND

(II)	PROPOSED EXEMPTION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Reference is made to the Company’s announcements dated 4 June 2020 and subsequent announcements in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcements.

On behalf of the Board, HLIB is pleased to announce that Bursa Securities had, vide its letter dated 24 August 2020, resolved to approve the listing of and quotation for 469,387,755 new Tadmax Shares to be issued pursuant to the Proposed Acquisition on the Main Market of Bursa Securities.

The approval by Bursa Securities for the Proposed Acquisition is subject to the following conditions:

  1. Tadmax and HLIB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition, including compliance with the public shareholding spread requirements upon the issuance of the Tadmax Shares pursuant to the Proposed Acquisition;
  2. Tadmax and HLIB to inform Bursa Securities upon the completion of the Proposed Acquisition;
  3. Tadmax and HLIB 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; and
  4. Tadmax to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders in general meeting approving the Proposed Acquisition prior to the listing and quotation of the new Tadmax Shares.

This announcement is dated 24 August 2020.






Announcement Info

Company Name TADMAX RESOURCES BERHAD
Stock Name TADMAX
Date Announced 24 Aug 2020
Category General Announcement for PLC
Reference Number GA1-24082020-00075



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