Bursa Announcements

Date : 18 December 2015

MULTIPLE PROPOSALS FUTUTECH BERHAD ("FUTUTECH" OR THE COMPANY") - PROPOSED ACQUISITIONS; - PROPOSED PRIVATE PLACEMENT; - PROPOSED INCREASE IN AUTHORISED CAPITAL; AND - PROPOSED AMENDMENTS TO M&A (COLLECTIVELY REFERRED TO AS THE PROPOSALS)

FUTUTECH BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
FUTUTECH BERHAD ("FUTUTECH" OR THE COMPANY")

-	PROPOSED ACQUISITIONS;
-	PROPOSED PRIVATE PLACEMENT; 
-	PROPOSED INCREASE IN AUTHORISED CAPITAL; AND
-	PROPOSED AMENDMENTS TO M&A

(COLLECTIVELY REFERRED TO AS THE PROPOSALS)

Reference is made to the announcements dated 15 September 2015 and 6 October 2015 in relation to the Proposals (“Announcements”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Announcements.

On behalf of the Board of Directors of Fututech, the Joint Advisers are pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has vide its letter dated 18 December 2015, approved the Company’s listing application in respect of the Proposals. The aforesaid approval is subject to inter-alia, the following conditions:-

  1. Fututech and AmInvestment Bank must fully comply with the relevant provisions under Bursa Securities’ Main Market Listing Requirements (“Main Market LR”) pertaining to the implementation of the Proposed KPSB Acquisition and Proposed Private Placement;
  2. Fututech and AmInvestment Bank to inform Bursa Securities upon the completion of the Proposed KPSB Acquisition and Proposed Private Placement;
  3. Fututech to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed KPSB Acquisition and Proposed Private Placement are completed;
  4. Fututech is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of the KPSB Consideration RCPS as at the end of each quarter together with a detailed computation of listing fees payable;
  5. Letter of compliance in relation to the Memorandum and Articles of Association (“M&A”) pursuant to the Paragraph 2.12 of the Main Market LR together with a copy of the duly executed M&A; and
  6. A certified true copy of the resolution passed by shareholders at the extraordinary general meeting for the Proposals.

This announcement is dated 18 December 2015.



Announcement Info

Company Name FUTUTECH BERHAD
Stock Name FUTUTEC
Date Announced 18 Dec 2015
Category General Announcement for PLC
Reference Number GA1-18122015-00074


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