JADEM

0.175

-0.005 (-2.8%)

MULTIPLE PROPOSALS JADE MARVEL GROUP BERHAD ("JMGB" OR THE "COMPANY") (I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED SHARE SPLIT (COLLECTIVELY, THE "PROPOSALS")

JADE MARVEL GROUP BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
JADE MARVEL GROUP BERHAD ("JMGB" OR THE "COMPANY")

(I)	PROPOSED PRIVATE PLACEMENT; AND

(II)	PROPOSED SHARE SPLIT 

(COLLECTIVELY, THE "PROPOSALS")

Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcement in relation to the Proposals.

Reference is made to the earlier announcements dated 13 April 2021 and 30 April 2021 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 27 May 2021, resolved to approve the following:-

(a)        Listing and quotation of up to 12,678,439 new JMGB Shares to be issued pursuant to the Proposed Private Placement; and

(b)        Proposed Share Split.

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

i.          JMGB and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Private Placement and Proposed Share Split;

ii.          JMGB and UOBKH are required to inform Bursa Securities upon the completion of the Proposed Private Placement and Proposed Share Split;

iii.         JMGB is required 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 and Proposed Share Split are completed;

iv.         In the event the Proposed Private Placement is not completed before the next Annual General Meeting, JMGB to furnish a certified true copy of the resolution passed by the shareholders for a general mandate under Sections 75 & 76 of the Companies Act, 2016 at JMGB's forthcoming Annual General Meeting;

v.         JMGB or UOBKH is required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) and (b) and 6.35(4) of the Listing Requirements in relation to the Proposed Share Split; and

vi.         JMGB is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at extraordinary general meeting for the Proposed Share Split prior to the listing and quotation of the split shares.

 

This announcement is dated 27 May 2021.






Announcement Info

Company Name JADE MARVEL GROUP BERHAD
Stock Name JADEM
Date Announced 27 May 2021
Category General Announcement for PLC
Reference Number GA1-27052021-00033