Date: 14 August 2018

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KRONOLOGI ASIA BERHAD ("KAB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN KAB, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN KAB (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

KRONOLOGI ASIA BERHAD ("KAB" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN KAB, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN KAB (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")

We refer to the announcements made on 2 August 2018, 3 August 2018 and 13 August 2018 in relation to the Proposed Private Placement ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of KAB, TA Securities wishes to announce that Bursa Securities has approved the listing and quotation of up to 36,255,400 new KAB Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i)    KAB and TA Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Private Placement;

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

(iii)  KAB 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.

KAB is required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.

This announcement is dated 14 August 2018.





Back