NOVA MSC BERHAD
17 Mar 2017
We refer to the announcements dated 18 January 2016, 5 February 2016, 17 March 2016, 7 June 2016, 17 June 2016, 30 August 2016 and 15 September 2016 (“Announcements”) in relation to the Private Placement. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.
On behalf of the Board of Directors of NOVAMSC, RHBIB wishes to announce that the approval from Bursa Securities for the extension of time to complete the implementation of the Private Placement lapsed on 16 March 2017.
The Company had placed out and listed 87,000,000 Placement Shares at an issue price of RM0.10 each under the Private Placement on 20 June 2016. The Company has decided not to place out the remaining Placement Shares in relation to the Private Placement after taking into consideration the prevailing market conditions for the past 6 months.
This announcement is dated 17 March 2017.
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