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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES LEE SWEE KIAT GROUP BERHAD ("LSK" OR THE "COMPANY") PROPOSED BONUS ISSUE OF UP TO 83,907,852 NEW ORDINARY SHARES IN LSK ("LSK SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING LSK SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE OF SHARES")

LEE SWEE KIAT GROUP BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
LEE SWEE KIAT GROUP BERHAD ("LSK" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF UP TO 83,907,852 NEW ORDINARY SHARES IN LSK ("LSK SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING LSK SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE OF SHARES")

We refer to the Company's announcements dated 13 March 2024 and 8 April 2024 in relation to the Proposed Bonus Issue of Shares. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

 

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had vide its letter dated 15 April 2024, which was received on 16 April 2024, approved the listing and quotation of up to 83,907,852 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares on the Main Market of Bursa Securities, subject to the following conditions:

 

(i) LSK and RHB Investment Bank must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Shares;

 

(ii) LSK is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the extraordinary general meeting approving the Proposed Bonus Issue of Shares;

 

(iii) LSK and RHB Investment Bank are required to inform Bursa Securities upon completion of the Proposed Bonus Issue of Shares;

 

(iv) LSK is required 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 of Shares is completed; and

 

(v) LSK and RHB Investment Bank are required to make the relevant announcements in accordance with paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements.

 

This announcement is dated 16 April 2024.






Announcement Info

Company Name LEE SWEE KIAT GROUP BERHAD
Stock Name LEESK
Date Announced 16 Apr 2024
Category General Announcement for PLC
Reference Number GA1-16042024-00073



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