Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


BRITE-TECH BERHAD (“BTECH” OR THE “COMPANY”) • PROPOSED RESTRICTED BUMIPUTERA ISSUE; AND • PROPOSED RESTRICTED BUMIPUTERA OFFER. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

BRITE-TECH BERHAD

TypeAnnouncement
SubjectBRITE-TECH BERHAD (“BTECH” OR THE “COMPANY”)

• PROPOSED RESTRICTED BUMIPUTERA ISSUE; AND

• PROPOSED RESTRICTED BUMIPUTERA OFFER.

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
ContentsWe refer to the announcement dated 5 August 2009 in relation to the application to the Securities Commission (“SC”) for a further extension of time of 12 months (up to 5 August 2010) for BTECH to comply with the Bumiputera equity condition.

On behalf of the Board of Directors of BTECH, MIMB Investment Bank Berhad is pleased to announce that the SC had vide its letter dated 10 August 2009 (received on 11 August 2009) extended the timeframe up to 28 May 2010 for BTECH to allocate 12.5% of its enlarged issued and paid-up share capital to Bumiputera investors recognised by the Ministry of International Trade and Industry (“MITI”).

In addition, BTECH/MIMB is required to provide the SC with quarterly reports on the progress of the allocation process by MITI. In the event that the BTECH shares are not fully taken up by Bumiputera investors or where MITI is unable to allocate the said shares within a period of one (1) year from the date of application to the MITI, BTECH shall be deemed to have complied with the Bumiputera equity condition.

This announcement is dated 12 August 2009.


Announcement Info

Company NameBRITE-TECH BERHAD (ACE Market) 
Stock Name BTECH    
Date Announced12 Aug 2009  
CategoryGeneral Announcement
Reference NoMM-090812-55794



Close