Additional Listing Announcement /Subdivision of Shares
| RESERVOIR LINK ENERGY BHD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | ACQUISITION BY RESERVOIR LINK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF RESERVOIR LINK ENERGY BHD ("RLEB" OR THE "COMPANY"), OF THE REMAINING 70% EQUITY INTEREST IT DOES NOT ALREADY OWN IN PROPEL MAXFLO SDN BHD, FOR A PURCHASE CONSIDERATION OF APPROXIMATELY RM17.24 MILLION TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF APPROXIMATELY RM13.79 MILLION AND THE BALANCE OF APPROXIMATELY RM3.45 MILLION BY WAY OF ISSUANCE OF 18,688,347 NEW ORDINARY SHARES IN RLEB AT AN ISSUE PRICE OF RM0.1845 |
| No. of shares issued under this corporate proposal | 18,688,347 |
| Issue price per share | Malaysian Ringgit (MYR) 0.1845 |
| Par Value (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 381,111,347 |
| Issued Share Capital | Malaysian Ringgit (MYR) 78,527,298.000 |
| Listing Date | 23 Jan 2026 |
Announcement Info
| Company Name | RESERVOIR LINK ENERGY BHD |
| Stock Name | RL |
| Date Announced | 22 Jan 2026 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-22012026-00004 |