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MULTIPLE PROPOSALS IDEAL UNITED BINTANG INTERNATIONAL BERHAD ("IUBI" OR THE "COMPANY") (i) ACQUISITION; (ii) PRIVATE PLACEMENT; (iii) SHARE SPLIT; AND (iv) SHAREHOLDERS AGREEMENT (COLLECTIVELY, THE "PROPOSALS")

IDEAL UNITED BINTANG INTERNATIONAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
IDEAL UNITED BINTANG INTERNATIONAL BERHAD ("IUBI" OR THE "COMPANY")

(i)	ACQUISITION;
(ii)	PRIVATE PLACEMENT;
(iii)	SHARE SPLIT; AND
(iv)   SHAREHOLDERS AGREEMENT

(COLLECTIVELY, THE "PROPOSALS")

Unless otherwise redefined, the abbreviated terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the above Proposals.

 

On behalf of the Board of Directors of IUBI, M&A Securities wishes to announce that the Proposed Private Placement has lapsed on 24 August 2020 and no further extension of time is sought as no investors could be sought throughout the period of implementation.

 

In this regard, the expiry of the Proposed Private Placement will not have any financial impact on the Group.

 

This announcement is dated 24 August 2020.



Announcement Info

Company Name IDEAL UNITED BINTANG INTERNATIONAL BERHAD
Stock Name IDEAL
Date Announced 24 Aug 2020
Category General Announcement for PLC
Reference Number GA1-24082020-00099




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