• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


MULTIPLE PROPOSALS BINA PURI HOLDINGS BHD. ("BINA PURI" OR THE "COMPANY") (I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED PRIVATE PLACEMENT; AND (III) PROPOSED EMPLOYEES' SHARE SCHEME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

BINA PURI HOLDINGS BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
BINA PURI HOLDINGS BHD. ("BINA PURI" OR THE "COMPANY") 

(I)	PROPOSED SHARE CONSOLIDATION;

(II)	PROPOSED PRIVATE PLACEMENT; AND

(III)	PROPOSED EMPLOYEES' SHARE SCHEME

(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 22 December 2023 and 27 December 2023 in relation to the Proposals.

 

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 18 March 2024, approved the following:

 

1. Proposed Share Consolidation;

 

2. Listing of and quotation for:

 

(i) up to 217,964,717 new ordinary shares in Bina Puri ("Placement Shares") to be issued pursuant to the Proposed Private Placement; and

 

(ii) such number of new ordinary shares, representing up to 15% of the total number of issued shares of Bina Puri (excluding treasure shares, if any), to be issued pursuant to the Proposed ESS.

 

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

 

1. Confirmation by Mercury Securities on the compliance of at least 25% of the public shareholding spread requirements pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities ("Main LR") upon the listing and quotation of the Placement Shares;

 

2. Mercury Securities and Bina Puri must fully comply with the relevant provisions unders the Main LR pertaining to the implementation of the Proposals;

 

3. Bina Puri to furnish Bursa Securities with the certified true copy of the resolutions passed by the shareholders at extraordinary general meeting approving the Proposals;

 

4. Mercury Securities and/ or Bina Puri is required to make relevant announcements pursuant to Paragraphs 6.56(2)(ii) and (iii) and Paragraph 13.20(2) of the Main LR;

 

5. Mercury Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESS pursuant to Paragraph 6.43(1) of the Main LR and stating the effective date of implementation;

 

6. Mercury Securities to inform Bursa Securities upon the completion of the Proposals;

 

7. Mercury Securities 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;

 

8. Bina Puri to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESS as at the end of each quarter together with a detailed computation of listing fees payable;

 

9. Payment of additional listing fees, if any, based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable; and

 

10. To incorporate Bursa Securitiess' comments made on the circular to shareholders.

 

This announcement is dated 18 March 2024.






Announcement Info

Company Name BINA PURI HOLDINGS BHD
Stock Name BPURI
Date Announced 18 Mar 2024
Category General Announcement for PLC
Reference Number GA1-18032024-00079



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X