RUBEREX

0.460

-0.005 (-1.1%)

MULTIPLE PROPOSALS RUBBEREX CORPORATION (M) BERHAD ("RUBBEREX" OR THE "COMPANY") (I) PROPOSED ACQUISITION; (II) PROPOSED DIVERSIFICATION; AND (III) PROPOSED CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

RUBBEREX CORPORATION (M) BERHAD

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

(I)	PROPOSED ACQUISITION;
(II)	PROPOSED DIVERSIFICATION; AND
(III)	PROPOSED CHANGE OF NAME

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Unless otherwise defined, the definitions set out in the previous announcements in relation to the Proposals shall apply herein.

 

On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 5 August 2022 (“Approval Letter”), resolved to approve the listing and quotation of 177,690,030 Consideration Shares to be issued pursuant to the Proposed Acquisition.

 

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

 

1. Rubberex and M&A Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition;

 

2. Rubberex and M&A Securities to inform Bursa Securities upon the completion of the Proposed Acquisition;

 

3. Rubberex to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders in general meeting approving the Proposed Acquisition and Proposed Diversification;

 

4. Rubberex and M&A 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; and

 

5. To incorporate the comments made in the circular to shareholders provided in attachment I of the Approval Letter.

 

This announcement is dated 5 August 2022.






Announcement Info

Company Name RUBBEREX CORPORATION (M) BERHAD
Stock Name RUBEREX
Date Announced 05 Aug 2022
Category General Announcement for PLC
Reference Number GA1-05082022-00071