NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES JF TECHNOLOGY BERHAD ("JF TECH" OR THE "COMPANY") PROPOSED BONUS ISSUE OF UP TO 84,000,000 NEW ORDINARY SHARES IN JF TECH ("JF TECH SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 3 EXISTING JF TECH SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
| JF TECHNOLOGY BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description | JF TECHNOLOGY BERHAD ("JF TECH" OR THE "COMPANY")
PROPOSED BONUS ISSUE OF UP TO 84,000,000 NEW ORDINARY SHARES IN JF TECH ("JF TECH SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 3 EXISTING JF TECH SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE") |
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(All abbreviations used in this announcement are defined in the announcements dated 26 September 2017 and 13 October 2017) Reference is made to the announcements dated 26 September 2017 and 13 October 2017 in relation to the above. On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 24 October 2017, resolved to approve the listing of and quotation for up to 84,000,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue. The approval granted by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions: (i) JF Tech and M&A Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Bonus Issue. (ii) JF Tech and M&A Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue. (iii) JF Tech 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 is completed. (iv) JF Tech and M&A Securities are required to make the relevant announcements pursuant to Paragraph 6.36(2)(a)&(b) and 6.36(4) of the ACE Market Listing Requirements of Bursa Securities. JF Tech is required to ensure full compliance of all the requirements as provided under the ACE Market Listing Requirements of Bursa Securities at all times.
This announcement is dated 24 October 2017. |
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Announcement Info
| Company Name | JF TECHNOLOGY BERHAD |
| Stock Name | JFTECH |
| Date Announced | 24 Oct 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24102017-00120 |