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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES XIN HWA HOLDINGS BERHAD ("XHH" OR "COMPANY") PROPOSED FREE WARRANTS ISSUE

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
XIN HWA HOLDINGS BERHAD ("XHH" OR "COMPANY")

PROPOSED FREE WARRANTS ISSUE

Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in XHH’s announcements dated 9 November 2020 and 18 November 2020 in relation to the Proposed Free Warrants Issue.

 

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities had, vide its letter dated 27 November 2020, resolved to approve the following:-

 

i. admission of the Warrants to the Official List of Bursa Securities and the listing and quotation of 110,699,999 Warrants to be issued pursuant to the Proposed Free Warrants Issue; and

 

ii. listing and quotation of 110,699,999 new XHH Shares to be issued arising from the exercise of the Warrants.

 

The approval granted by Bursa Securities for the Proposed Free Warrants Issue is subject to the following conditions:-

 

i. XHH and Kenanga IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Free Warrants Issue;

 

ii. XHH and Kenanga IB to inform Bursa Securities upon the completion of the Proposed Free Warrants Issue;

 

iii.XHH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Free Warrants Issue is completed; and

 

iv. XHH to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 27 November 2020.






Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 27 Nov 2020
Category General Announcement for PLC
Reference Number GA1-27112020-00060




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