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MULTIPLE PROPOSALS MAXIM GLOBAL BERHAD ("MAXIM GLOBAL" OR THE "COMPANY") I. PROPOSED ACQUISITIONS; AND II. PROPOSED SHARE CONSOLIDATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

MAXIM GLOBAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
MAXIM GLOBAL BERHAD ("MAXIM GLOBAL" OR THE "COMPANY")

I.	PROPOSED ACQUISITIONS; AND 

II.	PROPOSED SHARE CONSOLIDATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the earlier announcements dated 13 April 2023 and 26 May 2023 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 12 July 2023 ("Approval Letter"), resolved to approve the Proposed Share Consolidation and the listing and quotation of 217,391,304 Consideration Shares to be issued pursuant to the Proposed Acquisitions.

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

i. Confirmation by UOBKH on the compliance of at least 25% of the public shareholding spread requirements pursuant to Paragraph 8.02(1) of the Listing Requirements upon the listing and quotation of the Consideration Shares;

ii. Maxim Global and UOBKH must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

iii. Maxim Global/ UOBKH to furnish Bursa Securities with the certified true copy of the resolutions passed by the shareholders of Maxim Global at the extraordinary general meeting approving the Proposals;

iv. Maxim Global and UOBKH to inform Bursa Securities upon the completion of the Proposals;

v. Maxim Global and UOBKH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposals are completed; and

vi. UOBKH is required to make the relevant announcements relating to the Proposed Share Consolidation pursuant to Paragraph 13.20(2) of the Listing Requirements.

 

This announcement is dated 12 July 2023.






Announcement Info

Company Name MAXIM GLOBAL BERHAD
Stock Name MAXIM
Date Announced 12 Jul 2023
Category General Announcement for PLC
Reference Number GA1-12072023-00044



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