HI

2.310

(%)

MULTIPLE PROPOSALS HI MOBILITY BERHAD ("HI" OR "COMPANY") (I) PROPOSED ACQUISITION OF ACACIA MOTOR SERVICES SDN BHD; (II) PROPOSED ACQUISITION OF HANDAL BCM SDN BHD; AND (III) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES TO INCLUDE MANUFACTURING, ASSEMBLY PRODUCTION, DISTRIBUTION, SELLING, MAINTENANCE AND REPAIR OF COMMERCIAL MOTOR VEHICLES (COLLECTIVELY REFERRED TO AS "PROPOSALS")

HI MOBILITY BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
HI MOBILITY BERHAD ("HI" OR "COMPANY")
				
(I)	PROPOSED ACQUISITION OF ACACIA MOTOR SERVICES SDN BHD; 

(II)	PROPOSED ACQUISITION OF HANDAL BCM SDN BHD; AND 

(III)  	PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES TO INCLUDE MANUFACTURING, ASSEMBLY PRODUCTION, DISTRIBUTION, SELLING, MAINTENANCE AND REPAIR OF COMMERCIAL MOTOR VEHICLES

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

Reference is made to the announcements dated 14 November 2025 and 19 December 2025 in relation to the Proposals. Unless otherwise defined, all abbreviations and definitions used herein shall have the same meanings as defined in the said announcements.

 

On behalf of the Company, Maybank IB is pleased to announce that Bursa Securities has, vide its letter dated 29 January 2026, resolved to approve the listing and quotation for 34,385,068 new HI Shares to be issued pursuant to the Proposals, subject to the following conditions:

 

  1. HI and Maybank IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposals;
  2. HI must comply with the public security holding spread requirements pursuant to paragraph 8.02 (1) of the Listing Requirements upon listing and quotation of the Consideration Shares;
  3. HI is required to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders in general meeting approving the Proposals prior to the listing and quotation of the Consideration Shares;
  4. HI and Maybank IB are required to inform Bursa Securities upon completion of the Proposals; and
  5. HI is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed.

This announcement is dated 29 January 2026.



Announcement Info

Company Name HI MOBILITY BERHAD
Stock Name HI
Date Announced 29 Jan 2026
Category General Announcement for PLC
Reference Number GA1-29012026-00085


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