TWL

0.070

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY") PROPOSED ACQUISITION

TWL HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY")

PROPOSED ACQUISITION

(For consistency, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 25 April 2022 and 5 May 2022 in relation to the Proposed Acquisition, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements in relation to the Proposed Acquisition dated 25 April 2022 and 5 May 2022.

 

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 10 May 2022, approved the listing and quotation of 166,047,088 Consideration Shares to be issued pursuant to the Proposed Acquisition.

 

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

 

(i)         confirmation by Mercury Securities on the compliance of at least 25% of the public shareholding spread requirements pursuant to Paragraph 8.02(1) of the Listing Requirements upon the listing and quotation of the Consideration Shares;

 

(ii)         TWL and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition;

 

(iii)        TWL and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Acquisition; and

 

(iv)        Mercury Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition is completed.

 

 

This announcement is dated 10 May 2022.






Announcement Info

Company Name TWL HOLDINGS BERHAD
Stock Name TWL
Date Announced 10 May 2022
Category General Announcement for PLC
Reference Number GA1-10052022-00032