ACO

0.230

-0.005 (-2.1%)

MULTIPLE PROPOSALS ACO GROUP BERHAD ("ACO" OR "COMPANY") (I) PRIVATE PLACEMENT; AND (II) ACQUISITION COLLECTIVELY REFERRED TO AS "PROPOSALS".

ACO GROUP BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
ACO GROUP BERHAD ("ACO" OR "COMPANY")

(I)	PRIVATE PLACEMENT; AND

(II)	ACQUISITION

COLLECTIVELY REFERRED TO AS "PROPOSALS".

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 17 September 2020, 25 September 2020, 16 October 2020, 23 October 2020, 26 October 2020, 2 November 2020, 3 November 2020, 4 November 2020, 9 November 2020, 11 November 2020, 12 November 2020, 13 November 2020, 16 November 2020, 17 November 2020, 24 November 2020, 27 November 2020, 30 November 2020, 11 December 2020, 15 December 2020, 16 December 2020, 1 March 2021, 10 March 2021, 11 March 2021, 31 March 2021, 15 April 2021, 28 April 2021, 4 May 2021, 5 May 2021, 6 May 2021, 17 May 2021, 18 May 2021, 30 September 2021, 21 October 2021, 24 December 2021, 29 December 2021 and 30 December 2021 in relation to the Proposals (“Announcements”))

 

We refer to the Announcements in relation to the Proposals.

 

Reference is also made to Bursa Securities’ approval letter dated 16 October 2020 for the listing and quotation of the Placement Shares pursuant to the Private Placement as well as Bursa Securities’ approval letters dated 15 April 2021 and 20 October 2021 for an extension of time to complete the implementation of the Private Placement.

 

On 16 April 2020, Bursa Securities announced that a listed corporation may increase its general mandate threshold for new issue of securities from 10% to not more than 20% of the total number of issued shares (excluding treasury shares) (“20% General Mandate”) as part of the Additional Temporary Relief Measures to Listed Corporations, which may be utilised until 31 December 2021.

 

On behalf of the Board of Directors of ACO (“Board”), Alliance Investment Bank Berhad wishes to announce that the 20% General Mandate has expired today and as such, the Private Placement has lapsed on even date.

 

The Company has to-date, issued and listed a total of 43,871,300 ACO Shares pursuant to the Private Placement and in relation to the above, the Board has resolved not to place out the remaining Placement Shares.  Accordingly, the Private Placement is deemed completed today.

 

 

This announcement is dated 31 December 2021.






Announcement Info

Company Name ACO GROUP BERHAD
Stock Name ACO
Date Announced 31 Dec 2021
Category General Announcement for PLC
Reference Number GA1-31122021-00032