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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TRANSOCEAN HOLDINGS BHD ("THB" OR THE "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED DIVERSIFICATION (COLLECTIVELY, THE "PROPOSALS")

TRANSOCEAN HOLDINGS BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TRANSOCEAN HOLDINGS BHD ("THB" OR THE "COMPANY")

(I) PROPOSED ACQUISITION; AND
(II) PROPOSED DIVERSIFICATION

(COLLECTIVELY, THE "PROPOSALS")

(Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s announcements dated 16 April 2021, 15 June 2021, 22 June 2021, 23 June 2021, 29 June 2021, 30 June 2021 and 7 July 2021 in relation to the Proposals (“Announcements”))

 

On behalf of the Company, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 21 July 2021, resolved to approve the listing and quotation of 20,000,000 Consideration Shares to be issued pursuant to the Proposed Acquisition.

 

The approval by Bursa Securities for the listing of the Consideration Shares is subject to the following conditions:-

  1. THB and M&A Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition;
  2. THB is required to furnish Bursa Securities with a certified true copy of the resolutions passed by its shareholders at a general meeting for the Proposals;
  3. THB and M&A are required to inform Bursa Securities upon completion of the Proposed Acquisition; and
  4. THB 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 Acquisition is completed.

This announcement is dated 21 July 2021.






Announcement Info

Company Name TRANSOCEAN HOLDINGS BHD
Stock Name TOCEAN
Date Announced 21 Jul 2021
Category General Announcement for PLC
Reference Number GA1-21072021-00077




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