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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.

 

We refer to the announcement dated 30 July 2020 wherein M&A Securities Sdn Bhd had on behalf of the Company submitted an application for a further extention of time up to 22 February 2021 to complete the implementation of the Share Split (“Application”).

 

On behalf of the Board of Directors of IUBI, M&A Securities Sdn Bhd wishes to inform that the Board has resolved to withdraw the Application. Pursuant thereto, the Share Split has lapsed.

 

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

 

This announcement is dated 26 August 2020.






Announcement Info

Company Name IDEAL UNITED BINTANG INTERNATIONAL BERHAD
Stock Name IDEAL
Date Announced 26 Aug 2020
Category General Announcement for PLC
Reference Number GA1-26082020-00075




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