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SILK HOLDINGS BERHAD (formerly known as Sunway Infrastructure Berhad) ("SHB") - MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17

SILK HOLDINGS BERHAD

TypeAnnouncement
SubjectSILK HOLDINGS BERHAD (formerly known as Sunway Infrastructure Berhad) ("SHB")
- MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17
ContentsWe refer to the First Announcement dated 28th November 2006 in relation to the classification of SHB as an Affected Listed Issuer pursuant to the Amended PN 17 and the earlier announcements made in relation to the the Proposed Regularisation Scheme of SHB.

As announced earlier, the shareholders of SHB have approved the Proposed Regularisation Scheme at the Adjourned Extraordinary General Meeting held on 20th July 2009. Subsequently, the par value reduction petition was lodged at the High Court of Malaya on 31st July 2009.

The Regularisation Scheme had also been approved by the following authorities on the following dates:-

(i) Bank Negara Malaysia, vide its letter dated 24 February 2009 for the issuance of RCULS-A to non-residents of Malaysia pursuant to the Rights Issue;

(ii) the SC, vide its letters dated 27 March 2009 and 30 March 2009 for the Regularisation Scheme; and

(iii) the Bursa Securities, vide its letter dated 26 August 2009 approving in-principle for the admission of and listing of and quotation for the RCULS-A arising from the Rights Issue and the new SHB Shares to be issued upon conversion of the RCULS-A on the Main Market of Bursa Securities;

(iv) the Bursa Securities, vide its letter dated 26 August 2009 approving-in-principle for the listing of the Consideration Shares and the new SHB Shares to be issued upon conversion of the RCULS-B and RCULS (CR) on the Main Market of Bursa Securities.

The Proposed Regularisation Scheme is expected to be completed in the fourth quarter of 2009.

This announcement is dated 01st October 2009.


Announcement Info

Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD    
Date Announced1 Oct 2009  
CategoryGeneral Announcement
Reference NoCAS-091001-66DCB


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