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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES PROPOSED DEBT SETTLEMENT

BINTAI KINDEN CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
PROPOSED DEBT SETTLEMENT

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 21 October 2020 in relation to the Proposed Debt Settlement.)

 

We refer to the Company’s announcement on 21 October 2020 and 19 November 2020 in relation to the Proposed Debt Settlement.

 

On behalf of the Board, KAF IB wishes to announce that Bursa Securities had, vide its letter dated 4 December 2020, approved the listing of and quotation for the 31,800,000 new BKCB Shares, subject to the following conditions:-

 

(a)        BKCB and KAF IB must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Debt Settlement;

 

(b)        BKCB is required to furnish Bursa Securities with a certified true copy of the resolution passed by its shareholders at a general meeting for the Proposed Debt Settlement;

 

(c)        BKCB and KAF IB are required to inform Bursa Securities upon completion of the Proposed Debt Settlement; and

 

(d)        BKCB is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Debt Settlement is completed.

 

 

This announcement is dated 4 December 2020.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 04 Dec 2020
Category General Announcement for PLC
Reference Number GA1-04122020-00077




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