Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


TA WIN HOLDINGS BERHAD ("TA WIN" OR THE " COMPANY") - MEMORANDUM OF UNDERSTANDING BETWEEN TA WIN AND RR ONE CAPITAL D.O.O.

TA WIN HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-01102021-00001
Subject TA WIN HOLDINGS BERHAD ("TA WIN" OR THE " COMPANY") - MEMORANDUM OF UNDERSTANDING BETWEEN TA WIN AND RR ONE CAPITAL D.O.O.
Description
REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") DATED 1 OCTOBER 2021
Query Letter Contents

We refer to your Company’s announcement dated 30 September 2021, in respect of the aforesaid matter.


In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

 

1.  To provide further details and justification on the reason(s) for the termination of the MOU, i.e. the details and terms of the proposed joint venture that could not be concluded.

 

2. With reference to the Company's announcement dated 1 September 2021 in relation to the Company's Proposed Private Placement, it is noted that a portion of the proceeds from the Proposed Private Placement is expected to be utilised for future investments or projects (between RM33.4 million to RM41.6 million), which includes the proposed joint venture with RR One as contemplated in the MOU. In view that the MOU has been terminated, please provide further details on the Company's proposed utilisation of proceeds that was originally earmarked for the joint venture.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

 

 

 

Listing

Regulation

c.c.: Market Surveillance Dept., Securities Commission (via fax)

 

Please refer to the attachment below for the reply to the query letter from Bursa Securities.

 

This announcement is dated 4 October 2021.



Please refer attachment below.



Announcement Info

Company Name TA WIN HOLDINGS BERHAD
Stock Name TAWIN
Date Announced 04 Oct 2021
Category General Announcement for PLC
Reference Number GA1-04102021-00110




Close