Date : 22 June 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") PROPOSED RIGHTS ISSUE

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")

PROPOSED RIGHTS ISSUE

We refer to the announcement dated 17 May 2017 in relation to the Proposed Rights Issue. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement in relation to the Proposed Rights Issue.

 

On behalf of the Board, RHB Investment Bank wishes to announce that the Company has been informed by its major shareholders, namely EPF and GSB, that they have decided not to pursue the Proposed Exemption. This is to enable the Company to complete the Proposed Rights Issue expeditiously.

 

EPF and GSB will continue to subscribe in full for their entitlements under the Proposed Rights Issue, pursuant to their respective Undertakings. For the avoidance of doubt, it remains their intention to apply for excess Rights Shares with Rights Warrants provided that such application will not result in them triggering a mandatory general offer for the remaining MRCB Shares and convertible securities not already owned by them pursuant to Paragraph 4.01 of the Rules.

 

Following the above, the Company will not proceed with the implementation of the Proposed Exemption.

 

 

This Announcement is dated 22 June 2017.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 22 Jun 2017
Category General Announcement for PLC
Reference Number GA1-22062017-00104