NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING YONG TAI BERHAD ("YTB" OR "COMPANY") I. PROPOSED ISSUANCE OF UP TO 180,000,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YTB ("RCPS") AT AN ISSUE PRICE OF RM1.00 PER RCPS ("PROPOSED ISSUANCE OF RCPS"); AND II. PROPOSED AMENDMENTS TO THE CONSTITUTION OF YTB TO FACILITATE THE ISSUANCE OF RCPS PURSUANT TO THE PROPOSED ISSUANCE OF RCPS, (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| YONG TAI BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | YONG TAI BERHAD ("YTB" OR "COMPANY")
I. PROPOSED ISSUANCE OF UP TO 180,000,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YTB ("RCPS") AT AN ISSUE PRICE OF RM1.00 PER RCPS ("PROPOSED ISSUANCE OF RCPS"); AND
II. PROPOSED AMENDMENTS TO THE CONSTITUTION OF YTB TO FACILITATE THE ISSUANCE OF RCPS PURSUANT TO THE PROPOSED ISSUANCE OF RCPS,
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
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Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in YTB’s announcements dated 28 October 2021 and 5 November 2021 in relation to the Proposals.
On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities had, vide its letter dated 16 November 2021 which was received on 17 November 2021, resolved to approve the listing and quotation of up to 687,322,522 new ordinary shares to be issued pursuant to the conversion of the RCPS.
The approval by Bursa Securities for the Proposed Issuance of RCPS is subject to, amongst others, the following conditions:-
i. YTB and Kenanga IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Issuance of RCPS;
ii. Kenanga IB to inform Bursa Securities upon the completion of the Proposed Issuance of RCPS;
iii. Kenanga IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Issuance of RCPS is completed; and
iv. YTB to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of RCPS as at the end of each quarter together with the detailed computation of listing fees payable.
This announcement is dated 17 November 2021. |
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Announcement Info
| Company Name | YONG TAI BERHAD |
| Stock Name | YONGTAI |
| Date Announced | 17 Nov 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17112021-00051 |