OTHERS FIBROMAT (M) BERHAD (“FIBROMAT” OR THE “COMPANY”) PROPOSED TRANSFER OF LISTING FROM THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) TO THE ACE MARKET OF BURSA SECURITIES (“PROPOSED TRANSFER OF LISTING”)
| FIBROMAT (M) BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | FIBROMAT (M) BERHAD (“FIBROMAT” OR THE “COMPANY”) PROPOSED TRANSFER OF LISTING FROM THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) TO THE ACE MARKET OF BURSA SECURITIES (“PROPOSED TRANSFER OF LISTING”) |
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Reference is made to the Announcements.
On behalf of the Board, M&A Securities wishes to announce that the Securities Commission Malaysia had vide its letter dated 13 January 2025, resolved to approve the Company’s resultant equity structure pursuant to the Proposed Listing under the Bumiputera equity requirement for public listed companies, subject to the following conditions:
1. Fibromat allocating shares equivalent to 12.5% of its enlarged number of issued shares to Bumiputera investors to be approved by the Ministry of Investment, Trade and Industry in conjunction with the Proposed Listing; and
2. Fibromat to make available at least 50% of the shares offered to the Malaysian public investors via balloting to Bumiputera public investors.
This announcement is dated 14 January 2025.
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Announcement Info
| Company Name | FIBROMAT (M) BERHAD |
| Stock Name | FBBHD |
| Date Announced | 14 Jan 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14012025-00040 |