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Article Entitled: "A reverse takeover in the offing for GPA?"


Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-10082020-00001
Subject Article Entitled: "A reverse takeover in the offing for GPA?"

Clarification on news article appearing in The Edge Malaysia titled "A reverse takeover in the offing for GPA ?"
Query Letter Contents

We refer to the above article appearing in The Edge Malaysia, Page 18, on Monday, 10 August 2020, a copy of which is enclosed for you reference.
In particular, we would like to draw your attention to the underlined sentence(s) which is/are reproduced as follows :-
(a)          “Publicly traded battery manufacturer GPA Holdings Bhd could be the subject of a reverse takeover (RTO) by data centre operator Regal Orion Sdn Bhd”

In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major sharesholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.

Please furnish Bursa Securities with your reply via Bursa Link by today.

Yours faithfully,



Cc : Market Surveillance Dept. , Securities Commission (via fax)

We refer to the article apppearing in The Edge Malaysia, page 18 on Monday, 10 August 2020. It was quoted in the said article that there had been talks for a certain party to take over GPA via a reverse takeover exercise.


Upon enquiry with the Board of Directors and major shareholder of the Company, Tan Sri Dato' Tan Hua Choon, the non-independent and non-executive Chairman of the Board and major shareholder of the Company, has confirmed that he has been approached by several interested parties, including the company named in the aforesaid newspaper article, for possible asset injection into GPA. However, there has not been any concrete development thereof which would warrant an announcement to be made at this point of time.


The Board of Directors will release the necessary announcement in a timely manner to Bursa Malaysia Securities Berhad should there be any material development which falls under the Main Market Listing Requirements.


This announcement is dated 10 August 2020.

Announcement Info

Stock Name GPA
Date Announced 10 Aug 2020
Category General Announcement for PLC
Reference Number GA1-10082020-00065

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