TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SIAB HOLDINGS BERHAD ("SIAB" OR "THE COMPANY") - DEBT SETTLEMENT AGREEMENT WITH YONG TAI BERHAD ("YTB"), YTB DEVELOPMENT SDN BHD ("YTBD") AND YTB IMPRESSION SDN BHD ("YTBI") FOR THE SETTLEMENT OF AN AGGREGATE AMOUNT OF RM6.00 MILLION DEBT OWING BY YTBD AND YTBI TO SIAB (M) SDN BHD, VIA THE ISSUANCE OF 12,000,000 NEW ORDINARY SHARES IN YTB ("YTB SHARE(S)" OR "SETTLEMENT SHARE(S)") AT AN ISSUE PRICE OF RM0.5000 PER SETTLEMENT SHARE ("DEBT SETTLEMENT")
| SIAB HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SIAB HOLDINGS BERHAD ("SIAB" OR "THE COMPANY") - DEBT SETTLEMENT AGREEMENT WITH YONG TAI BERHAD ("YTB"), YTB DEVELOPMENT SDN BHD ("YTBD") AND YTB IMPRESSION SDN BHD ("YTBI") FOR THE SETTLEMENT OF AN AGGREGATE AMOUNT OF RM6.00 MILLION DEBT OWING BY YTBD AND YTBI TO SIAB (M) SDN BHD, VIA THE ISSUANCE OF 12,000,000 NEW ORDINARY SHARES IN YTB ("YTB SHARE(S)" OR "SETTLEMENT SHARE(S)") AT AN ISSUE PRICE OF RM0.5000 PER SETTLEMENT SHARE ("DEBT SETTLEMENT") |
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(Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s announcement dated 17 May 2022 in relation to the Debt Settlement (“Announcement”)).
Reference is made to the Company's Announcement in relation to the Debt Settlement.
The Board wishes to announce that pursuant to the Debt Settlement Agreement dated 17 May 2022, the Debt Settlement has been completed following the receipt by the Company of the Settlement Shares and the listing of the Settlement Shares on the MAIN Market of Bursa Securities with effect from 9.00 a.m., Thursday, 15 September 2022.
This announcement is dated 15 September 2022. |
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Announcement Info
| Company Name | SIAB HOLDINGS BERHAD |
| Stock Name | SIAB |
| Date Announced | 15 Sep 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15092022-00098 |