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INVESTMENT IN PERMAJU INDUSTRIES BERHAD

VSOLAR GROUP BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-07122021-00001
Subject INVESTMENT IN PERMAJU INDUSTRIES BERHAD
Description
VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") 
INVESTMENT IN PERMAJU INDUSTRIES BERHAD ("PERMAJU")
Query Letter Contents

We refer to your Company’s announcement dated 6 December 2021, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) Whether the ordinary shares subscribed represent VSolar Group Berhad’s rights entitlement only, or also include excess shares. If the latter, to quantify the total number of excess shares subscribed for, and state the percentage ratio.
 

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

 

Yours faithfully,
Listing, 
Regulation

Cc : Market Surveillance Dept. , Securities Commission (via email)

We refer to the announcement dated 6 December 2021 (Ref No. GA1-30112021-00044) in relation to the Investment in Permaju and the query from Bursa Malaysia Securities Berhad dated 7 December 2021 (“Query”) in relation to the same.

 

The Company wishes to provide the following additional information pursuant to the Query:

 

The ordinary shares subscribed are represented Cubetech Asia Sdn. Bhd.’s rights entitlement and subscription of excess shares. The breakdown of the total subscription is as follow:

 

 

No. of Ordinary Shares

Percentage Ratio

Rights Entitlement

33,191,900

2.27%

Excess Shares

286,808,100

19.59%

Total :

320,000,000

21.86%

 

This announcement is dated 8 December 2021.





Announcement Info

Company Name VSOLAR GROUP BERHAD
Stock Name VSOLAR
Date Announced 08 Dec 2021
Category General Announcement for PLC
Reference Number GA1-07122021-00038




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