Announcements
Announcements
Date: 21 May 2018

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING CYPARK RESOURCES BERHAD ("CRB" OR "COMPANY") - PROPOSED PRIVATE PLACEMENT OF UP TO 28,737,397 NEW ORDINARY SHARES IN CRB ("CRB SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING UP TO 10% OF THE ISSUED SHARES OF CRB AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED PRIVATE PLACEMENT")


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description CYPARK RESOURCES BERHAD ("CRB" OR "COMPANY") - PROPOSED PRIVATE PLACEMENT OF UP TO 28,737,397 NEW ORDINARY SHARES IN CRB ("CRB SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING UP TO 10% OF THE ISSUED SHARES OF CRB AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED PRIVATE PLACEMENT")

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in CRB's announcements dated 17 May 2018 and 18 May 2018.

 

Reference is made to the announcements dated 17 May 2018 and 18 May 2018 in relation to the Proposed Private Placement.

 

On behalf of the Board of Directors of CRB, PIVB wishes to announce that the Company had on 21 May 2018, received approval from Bursa Securities for the listing of and quotation for up to 28,737,397 new CRB Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

 

(i)  CRB and PIVB must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;

 

(ii)  CRB and PIVB to inform Bursa Securities upon the completion of the Proposed Private Placement;

 

(iii)  CRB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed; and

 

(iv)  PIVB must submit to Bursa Securities details of the places in accordance with Paragraph 6.15 of the Main Market Listing Requirements as soon as practicable before the listing of the new CRB Shares to be issued pursuant to the Proposed Private Placement.

 

This announcement is dated 21 May 2018.





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