HEXCARE

0.205

(%)

MULTIPLE PROPOSALS RUBBEREX CORPORATION (M) BERHAD ("RUBBEREX" OR THE "COMPANY") (I) SUBSCRIPTION; AND (II) DIVERSIFICATION (COLLECTIVELY, THE "PROPOSALS")

RUBBEREX CORPORATION (M) BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
RUBBEREX CORPORATION (M) BERHAD ("RUBBEREX" OR THE "COMPANY")

(I)	SUBSCRIPTION; AND
(II)	DIVERSIFICATION
 
(COLLECTIVELY, THE "PROPOSALS")

(Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s previous announcements in relation to the Subscription)

 

Further to the announcement dated 3 June 2022 in relation to the Company’s announcement for the Variation, M&A Securities Sdn Bhd wishes to announce that the Board of Directors of the Company has agreed to the Variation in order to accelerate the completion of the construction of Empire City Mall by 2 months. An earlier completion of the Empire City Mall will allow Rubberex to capitalise on the recovery in demand for the retail sector, which is expected to have a positive financial impact on its investment pursuant to the Subscription.

 

This announcement is dated 14 June 2022.






Announcement Info

Company Name RUBBEREX CORPORATION (M) BERHAD
Stock Name RUBEREX
Date Announced 14 Jun 2022
Category General Announcement for PLC
Reference Number GA1-14062022-00046