SDS

0.795

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SDS GROUP BERHAD ("SDS" OR "COMPANY") SPECIAL ISSUE OF UP TO 58,000,000 NEW ORDINARY SHARES IN SDS TO BUMIPUTERA INVESTORS TO BE IDENTIFIED AND/OR APPROVED BY MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY MALAYSIA ("SPECIAL ISSUE")

SDS GROUP BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SDS GROUP BERHAD ("SDS" OR "COMPANY")

SPECIAL ISSUE OF UP TO 58,000,000 NEW ORDINARY SHARES IN SDS TO BUMIPUTERA INVESTORS TO BE IDENTIFIED AND/OR APPROVED BY MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY MALAYSIA ("SPECIAL ISSUE")

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcements dated 8 December 2021 and 8 March 2022 in relation to the Special Issue

 

On behalf of the Board, M&A Securities wishes to announce that the SC had vide its letter dated 20 September 2022 stated that the Company is deemed to have complied with the Bumiputera Equity Condition after taking note of the following:

 

1. On 13 May 2022, MITI had published on its website the offering of the Special Issue to invite applications from eligible third party Bumiputera investors, of which the application for the Special Issue Shares closed on 20 May 2022;

 

2. On 6 July 2022, MITI provided M&A Securities the list of Special Issue allocation comprising 497 Bumiputera investors for 58,000,000 Special Issue Shares;

 

3. As at 13 July 2022, a total payment for 3,806,865 Special Issue Shares amounting to RM1,446,608.70 were received from 159 Bumiputera investors, representing an acceptance of only 6.56% of the total 58,000,000 Special Issue Shares offered;

 

4. On 20 July 2022, M&A Securities informed MITI of the acceptance rate and sought MITI’s concurrence that the allocation of SDS’s Special Issue Shares to the Bumiputera investors has been complied; and

 

5. On 19 August 2022, MITI informed that it has exhausted all avenues to allocate the Special Issue Shares and will not proceed to further allocate the remaining Special Issue Shares.

 

As such, the Special Issue is deemed completed.

 

This announcement is dated 21 September 2022.






Announcement Info

Company Name SDS GROUP BERHAD
Stock Name SDS
Date Announced 21 Sep 2022
Category General Announcement for PLC
Reference Number GA1-21092022-00053