BPURI

0.080

+0.005 (+6.7%)

MULTIPLE PROPOSALS BINA PURI HOLDINGS BHD ("BINA PURI" OR THE "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

BINA PURI HOLDINGS BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
BINA PURI HOLDINGS BHD ("BINA PURI" OR THE "COMPANY")

(I)	PROPOSED ACQUISITION; AND
(II)	PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 22 January 2021 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements in relation to the Proposals dated 22 January 2021 and 25 February 2021.

 

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 10 March 2021, approved the following:-

 

(i)         listing and quotation of 280,000,000 Consideration Shares as part of the Purchase Consideration to be issued pursuant to the Proposed Acquisition; and

 

(ii)         listing and quotation of up to 260,523,000 Placement Shares to be issued pursuant to the Proposed Private Placement.

 

The approval by Bursa Securities for the above is subject to the following conditions:-

 

(i)         Bina Puri and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

 

(ii)         Bina Puri / Mercury Securities to furnish Bursa Securities with the certified true copy of the resolutions passed by the Shareholders at an extraordinary general meeting approving the Proposals;

 

(iii)        Bina Puri and Mercury Securities to inform Bursa Securities upon the completion of the Proposals;

 

(iv)        Bina Puri and Mercury Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed;

 

(v)        Payment of additional listing fee, if any, based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable; and

 

(vi)        To incorporate / address Bursa Securities’ comments adequately and comprehensively as provided in the attachment in respect of the draft circular to Shareholders.

 

This announcement is dated 11 March 2021.






Announcement Info

Company Name BINA PURI HOLDINGS BHD
Stock Name BPURI
Date Announced 11 Mar 2021
Category General Announcement for PLC
Reference Number GA1-11032021-00120