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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Mi TECHNOVATION BERHAD ("Mi TECHNOVATION" OR "COMPANY") PROPOSED ACQUISITION

MI TECHNOVATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Mi TECHNOVATION BERHAD ("Mi TECHNOVATION" OR "COMPANY")

PROPOSED ACQUISITION

We refer to the announcement dated 18 December 2020 and 23 December 2020 (“Announcements”).

 

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

 

On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities had vide its letter dated 14 January 2021, resolved to approve the listing of and quotation for 74,250,000 Consideration Shares to be issued pursuant to the Proposed Acquisition.

 

The approval granted by Bursa Securities is subject to the following conditions: 

 

(i)  Mi Technovation and Affin Hwang IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition;

 

(ii)  Mi Technovation and Affin Hwang IB to inform Bursa Securities upon the completion of the Proposed Acquisition;

 

(iii)  Mi Technovation to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition is completed;

 

(iv)  Compliance by Mi Technovation with the public shareholding spread upon completion of the Proposed Acquisition. In this connection, Affin Hwang IB is to furnish a schedule containing the information set out in Appendix 8E, Chapter 8 of the Listing Requirements to Bursa Securities, prior to completion of the Proposed Acquisition; and

 

(v)   Mi Technovation to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed Acquisition.

 

This announcement is dated 14 January 2021.






Announcement Info

Company Name MI TECHNOVATION BERHAD
Stock Name MI
Date Announced 14 Jan 2021
Category General Announcement for PLC
Reference Number GA1-14012021-00059




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