Date: 02 October 2018

Additional Listing Announcement /Subdivision of Shares


1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Private Placement
Details of corporate proposal PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN KRONOLOGI ASIA BERHAD ("KAB"), REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN KAB (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal 17,470,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.6340
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 380,024,146
Issued Share Capital ($$) Malaysian Ringgit (MYR) 118,690,953.890
Listing Date 03 Oct 2018


Remarks :
The 17,470,000 new ordinary shares in KAB were issued and allotted pursuant to the Private Placement that was announced on 2 August 2018. Pursuant to the Section 618 of the Companies Act 2016 (Act), upon the commencement of Section 74 of the Act, any amount standing to the credit of a companys share premium account and capital redemption reserve shall become part of the companys share capital, notwithstanding, a company may, within 24 months upon the commencement of Section 74 of the Act, use the amount standing to the credit of its share premium account, for certain purposes as prescribed in the Act. As at the date of this announcement, the issued share capital of the Company is RM118,690,953.89 (including share premium of RM10,493,584.31).



Back