OTHERS SUPREME CONSOLIDATED RESOURCES BHD ("SCRB" OR THE "COMPANY") I. PROPOSED TRANSFER OF LISTING; AND II. PROPOSED ADOPTION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| SUPREME CONSOLIDATED RESOURCES BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SUPREME CONSOLIDATED RESOURCES BHD ("SCRB" OR THE "COMPANY")
I. PROPOSED TRANSFER OF LISTING; AND
II. PROPOSED ADOPTION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
We refer to the announcements dated 29 September 2023, 27 October 2023, 20 November 2023, 30 November 2023, 1 December 2023, 9 January 2024, 16 January 2024, 27 March 2024, 10 May 2024 and 4 July 2024 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, Kenanga IB is pleased to announce that the SC had, vide its letter dated 10 July 2024, approved the resultant equity structure of the Company pursuant to the Proposed Listing under the Bumiputera equity requirements for public listed companies, subject to the following conditions:
(i) SCRB to allocate 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
(ii) SCRB 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 11 July 2024. |
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Announcement Info
| Company Name | SUPREME CONSOLIDATED RESOURCES BERHAD |
| Stock Name | SUPREME |
| Date Announced | 11 Jul 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11072024-00009 |