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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SUNZEN BIOTECH BERHAD ("SUNZEN" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS

SUNZEN BIOTECH BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
SUNZEN BIOTECH BERHAD ("SUNZEN" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF WARRANTS

On behalf of the board of directors of SUNZEN, M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved the following:

 

  1. Admission to the Official List and listing and quotation of up to 408,933,729 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants; and
  2. Listing and quotation of up to 408,933,729 new SUNZEN Shares to be issued arising from the exercise of the Warrants.

 

Bursa Securities’ approval is subject to the following conditions:

 

  1. SUNZEN and M&A Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue of Warrants;
  2. SUNZEN and M&A Securities are to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants;
  3. SUNZEN is to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue of Warrants is completed; and
  4. SUNZEN is to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants D as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 24 March 2022.

 

 






Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 24 Mar 2022
Category General Announcement for PLC
Reference Number GA1-24032022-00039




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