NOVA MSC BERHAD
26 Oct 2017
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement.
We refer to our earlier announcements dated 20 October 2017 and 24 October 2017 in relation to the Proposed Private Placement.
On behalf of the Board of Directors of NOVAMSC, UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH”) wishes to announce that Bursa Securities had, vide its letter dated 26 October 2017, resolved to approve the listing and quotation of up to 88,821,317 Placement Shares representing up to 10% of the issued shares of the Company (excluding treasury shares), to investors to be identified and at an issue price to be determined, subject to the following conditions:
(i) NOVAMSC and UOBKH must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;
(ii) NOVAMSC and UOBKH are to inform Bursa Securities upon the completion of the Proposed Private Placement; and
(iii) NOVAMSC to furnish to Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.
This announcement is dated 26 October 2017.
Comments are closed.