Reference is made to the Company's announcements made on 2 September 2022, 4 October 2022, 28 December 2022, 29 March 2023, 30 June 2023, 21 August 2023, 29 September 2023, 5 October 2023, 21 December 2023, 22 February 2024, 27 February 2024, 20 March 2024, 17 April 2024, 21 August 2024, 22 August 2024, 26 September 2024, 16 October 2024, 19 November 2024, 27 December 2024, 30 December 2024, 31 December 2024, 21 February 2025, 8 May 2025, 21 May 2025, 30 May 2025, 21 August 2025, 24 September 2025, 14 November 2025, 19 November 2025, 22 January 2026, 10 February 2026, 21 April 2026, 28 April 2026, 14 May 2026, 26 May 2026, 10 June 2026, 26 June 2026, 29 June 2026, 16 July 2026, 23 July 2026 and 24 July 2026 ("Announcements"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.
On 10 June 2026, Berjaya Securities had, on behalf of the Board, announced that the SC had, vide its letter dated 9 June 2026 (which was received on 10 June 2026), informed that the application for extension of time of 6 month until 28 November 2026 has been approved, subject to the completion of the assessment on the impact of the Iran war on the business operations and financial performance of the Eramas Group, and its implications on the Proposed Acquisition, including the valuation of the Eramas Group and accordingly, the purchase consideration for the Proposed Acquisition. Where the assessment indicates a material adverse impact, the Board should revise the terms of the Proposed Acquisition or provide justification demonstrating that the Proposed Acquisition remains fair and reasonable and is not detrimental to the interest of the minority shareholders of SCGM.
The SC's approval is granted in accordance with Section 214(2) of the CMSA, read together with Paragraph 10.01 of the Equity Guidelines. All other terms and conditions as contained in the SC's approval letter in relation to the Proposed Regularisation Plan dated 29 May 2025 and the SC's letter dated 21 January 2026 in respect of the first extension of time, remain unchanged.
On 26 June 2026, Berjaya Securities had, on behalf of the Board, announced that the SC had, vide its letter dated 26 June 2026, informed that the SC has no further comments on the Circular to be issued in relation to the Proposed Regularisation Plan. In this connection, SCGM is required to issue the Circular within 14 market days from the date of the SC's letter. The Circular has been despatched to the Shareholders on 29 June 2026.
On 16 July 2026, the Board announced that all the resolutions pertaining to the Proposed Regularisation Plan have been approved by the Shareholders at the extraordinary general meeting of the Company held on 16 July 2026.
On 23 July 2026, Berjaya Securities had, on behalf of the Board, announced that the SC had, vide its letter dated 23 July 2026, approved the application for the Proposed Exemption.
On 24 July 2026, the Company announced that the Entitlement Date for the Proposed Special Dividend had been fixed at 5.00 p.m. on 7 August 2026.
The Company will make the necessary announcement(s) regarding the development of the Proposed Regularisation Plan accordingly.
This announcement is dated 18 August 2026.