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MULTIPLE PROPOSALS YGL CONVERGENCE BERHAD ("YGL" OR "COMPANY") (I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED CAPITAL REDUCTION, COLLECTIVELY REFERRED TO AS THE "PROPOSALS".

YGL CONVERGENCE BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
YGL CONVERGENCE BERHAD ("YGL" OR "COMPANY")

(I)	PROPOSED PRIVATE PLACEMENT; AND

(II)	PROPOSED CAPITAL REDUCTION,

COLLECTIVELY REFERRED TO AS THE "PROPOSALS".

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 22 May 2023, 13 June 2023 and 3 July 2023 in relation to the Proposals (“Announcements”).)

 

We refer to the Announcements in relation to the Proposals.

 

On behalf of the Board of Directors of Ygl, Alliance Islamic Bank Berhad (“AIS”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 24 July 2023, resolved to grant Ygl an extension of time from 25 July 2023 until 7 August 2023 to comply with Rule 9.32(1)(b) of the ACE Market Listing Requirements of Bursa Securities in relation to the issuance of Circular pursuant to the Proposals.

 

This announcement is dated 24 July 2023.






Announcement Info

Company Name YGL CONVERGENCE BERHAD
Stock Name YGL
Date Announced 24 Jul 2023
Category General Announcement for PLC
Reference Number GA1-21072023-00027



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