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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

E.A.TECHNIQUE (M) BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description
E.A. TECHNIQUE (M) BERHAD ("EAT" OR THE "COMPANY") 

-	MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 ("PN 17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("LISTING REQUIREMENTS")

We refer to the Company’s following earlier announcements made in relation to the Company being classified as an affected listed issuer under PN 17 of the Listing Requirements:-

 

(a) first announcements dated 25 February 2022 and 28 February 2022 (“First Announcements”); and

 

(b) the subsequent announcements dated 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 9 February 2023, 13 March 2023 and 17 March 2023, 3 April 2023, 11 April 2023 and 26 April 2023.

 

(collectively, referred to as the “Earlier Announcements”).

 

The terms herein shall bear the same meaning as defined in the Earlier Announcements.

 

On 11 April 2023, on behalf of the Board, Malacca Securities further announced that the Company proposes to undertake the following revisions to the Proposed Regularisation Plan:-

 

(a) to include the impending MGO by EOSSB upon the completion of the Proposed Shares Issuance (“Proposed MGO”) as part of the Proposed Regularisation Plan; and

 

(b) upon completion of the Proposed MGO, if necessary, to undertake a proposed private placement of up to 22,000,000 new EATECH Shares (“Placement Shares”) to third party investors, representing approximately 19.9% of the enlarged number of EATECH Shares in issue after the Proposed Regularisation Plan (“Proposed Private Placement”).

 

Accordingly, the Proposed Regularisation Plan is proposed to be undertaken in the following sequence:-

  1. Proposed Shares Consolidation;
     
  2. Proposed Shares Issuance;
     
  3. Proposed MGO; and
     
  4. Proposed Private Placement; if required.

 

As at the date of this announcement, the revised Proposed Regularisation Plan had been submitted to Bursa Securities and is currently still pending Bursa Securities’ decision.

 

This announcement is dated 2 May 2023. 






Announcement Info

Company Name E.A.TECHNIQUE (M) BERHAD
Stock Name EATECH
Date Announced 02 May 2023
Category General Announcement for PLC
Reference Number GA1-28042023-00028



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