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OTHERS BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR THE "COMPANY") PROPOSAL TO COMPLY WITH THE BUMIPUTERA EQUITY REQUIREMENTS

BINASAT COMMUNICATIONS BERHAD

Type Announcement
Subject OTHERS
Description
BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR THE "COMPANY")

PROPOSAL TO COMPLY WITH THE BUMIPUTERA EQUITY REQUIREMENTS

Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in Binasat’s announcement dated 5 December 2018 in relation to the proposal to comply with the Bumiputera Equity Requirements.

 

On behalf of the Board, Kenanga IB wishes to announce that the MITI had, vide its letter dated 22 January 2019, confirmed its recognition of the existing Bumiputera shareholders in the Company with shareholding of 16,809,400 Binasat’s ordinary shares which represents approximately 6.47% of the Company’s total shareholding upon listing, as approved Bumiputera shareholders.

 

Pursuant to the above, the Company will finalise the detailed terms of the proposed special issue, including, amongst others, the number of Binasat’s ordinary shares to be issued after taking into consideration the aforesaid MITI’s approval. A detailed announcement for the proposed special issue will be made by the Company in due course.

 

This announcement is dated 22 January 2019.






Announcement Info

Company Name BINASAT COMMUNICATIONS BERHAD
Stock Name BINACOM
Date Announced 22 Jan 2019
Category General Announcement for PLC
Reference Number GA1-22012019-00075




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