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LYC

0.340

-0.01 (-2.9%)

MULTIPLE PROPOSALS LYC HEALTHCARE BERHAD ("LYC OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT; II. PROPOSED ACQUISITION OF T&T; AND III. PROPOSED ACQUISITION OF HCOS (COLLECTIVELY, THE "PROPOSALS")

LYC HEALTHCARE BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
LYC HEALTHCARE BERHAD ("LYC OR THE "COMPANY")
I.	PROPOSED PRIVATE PLACEMENT;
II.	PROPOSED ACQUISITION OF T&T; AND
III.	PROPOSED ACQUISITION OF HCOS
(COLLECTIVELY, THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the earlier announcements dated 4 May 2020, 28 May 2020, 30 June 2020 and 3 July 2020 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 27 August 2020, approved the listing and quotation of up to 107,205,222 Placement Shares to be issued pursuant to the Proposed Private Placement, subject to the following conditions:-

1. LYC and UOBKH must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement.

2. LYC and UOBKH to inform Bursa Securities upon completion of the Proposed Private Placement.

3. LYC 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.

4. LYC to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Sections 75 and 76 of the Companies Act, 2016, in the event the current authority has expired.

 

This announcement is dated 27 August 2020.






Announcement Info

Company Name LYC HEALTHCARE BERHAD
Stock Name LYC
Date Announced 27 Aug 2020
Category General Announcement for PLC
Reference Number GA1-27082020-00107