|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
KUMPULAN PERANGSANG SELANGOR BERHAD ("KPS" OR "COMPANY") PROPOSED BONUS ISSUE OF UP TO 38,384,932 NEW ORDINARY SHARES IN KPS ("KPS SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 13 EXISTING KPS SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER
The terms used herein shall have the same meaning as those defined in the announcement dated 30 March 2018, unless otherwise stated.
We refer to the announcements dated 30 March 2018 and 13 April 2018 in relation to the Proposed Bonus Issue.
On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities had, vide its letter dated 23 April 2018, approved the listing of and quotation for of up to 38,384,932 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:
1. KPS and Affin Hwang IB must fully comply with the relevant provisions under the Main Market Listing Requirements (“MMLR”) pertaining to the implementation of the Proposed Bonus Issue;
2. KPS and Affin Hwang IB to inform Bursa Securities upon completion of the Proposed Bonus Issue;
3. KPS 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; and
4. KPS and Affin Hwang IB are required to make the relevant announcements for the Proposed Bonus Issue pursuant to Paragraph 6.35(2)(a) and (b) and 6.35(4) of the MMLR.
This announcement is dated 23 April 2018.