OTHERS CARLO RINO GROUP BERHAD ("CRG" OR "COMPANY") (I) PROPOSED TRANSFER; AND (II) PROPOSED WITHDRAWAL OF LISTING (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| CARLO RINO GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | CARLO RINO GROUP BERHAD ("CRG" OR "COMPANY")
(I) PROPOSED TRANSFER; AND
(II) PROPOSED WITHDRAWAL OF LISTING
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
We refer to the announcements dated 14 August 2023, 15 August 2023, 23 October 2023, 28 December 2023, 28 February 2024, 29 March 2024, 1 April 2024, 15 July 2024 and 31 July 2024 in relation to the Proposals (“Announcements”). Unless stated otherwise, definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 12 August 2024, resolved the following:
(i) to approve the proposed transfer of listing of and quotation for the entire enlarged issued share capital of CRG comprising 977,517,100 Shares to the ACE Market; and
(ii) to grant approval-in-principle for registration of the listing prospectus of CRG. In this regard, TA Securities is required to provide a confirmation of registration before 12.30 p.m. at least 7 market days prior to the intended date of registration.
CRG and/or TA Securities are required to comply with the following:
(i) submit the following information with respect to the moratorium on the shareholdings of the specified shareholders to Bursa Malaysia Depository Sdn Bhd:
(a) name of shareholders; (b) number of shares; and (c) date of expiry of the moratorium for each block of shares;
(ii) confirm that approvals from other relevant authorities have been obtained for implementation of the Proposed Transfer;
(iii) the Bumiputera equity requirements for public listed companies as approved / exempted by the SC including any conditions imposed thereon;
(iv) make the relevant announcements pursuant to Paragraphs 8.1 and 8.2 of Guidance Notes 15 of the ACE LR;
(v) furnish to Bursa Securities a copy of the schedule of distribution showing compliance with the public shareholding spread requirements based on the entire issued share capital of CRG on the first day of listing on the ACE Market;
(vi) in relation to the public offering to be undertaken by CRG, to announce at least 2 market days prior to the listing date, the result of the offering including the following:
(a) level of subscription of public balloting and placement; (b) basis of allotment / allocation; (c) a table showing the distribution for placement tranche as per the format prescribed in Bursa Securities’ approval letter dated 12 August 2024; and (d) disclosure of placees who become substantial shareholders of CRG arising from the public offering, if any.
TA Securities must ensure that the overall distribution of CRG’s securities is properly carried out to mitigate any disorderly trading in the secondary market; and
(vii) CRG / TA Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval upon the admission of CRG to the Official List of the ACE Market.
CRG and TA Securities are required to ensure full compliance with all requirements as provided under the ACE LR at all times.
This announcement is dated 12 August 2024. |
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Announcement Info
| Company Name | CARLO RINO GROUP BERHAD |
| Stock Name | CRG |
| Date Announced | 12 Aug 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12082024-00101 |