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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SCOPE INDUSTRIES BERHAD ("SCOPE" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SCOPE

SCOPE INDUSTRIES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SCOPE INDUSTRIES BERHAD ("SCOPE" OR "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SCOPE

This announcement is dated 24 August 2015.

Reference is made to Scope’s announcements dated 17 August 2015, 18 August 2015 and 19 August 2015 in relation to the Proposed Private Placement (“Announcements”).

Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Announcements.

On behalf of the Board of Directors of Scope, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 24 August 2015, granted its approval for the listing of and quotation for up to 61,908,079 new Scope Shares pursuant to the Proposed Private Placement subject to the following conditions:

  1. Scope and AmInvestment Bank must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;
  2. Scope and AmInvestment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement;
  3. Scope to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and
  4. Scope and AmInvestment Bank to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the forthcoming annual general meeting approving the issuance of new shares pursuant to Section 132D of the Companies Act, 1965 (“Mandate”) in the event that the existing Mandate has expired.





Announcement Info

Company Name SCOPE INDUSTRIES BERHAD
Stock Name SCOPE
Date Announced 24 Aug 2015
Category General Announcement for PLC
Reference Number GA1-24082015-00089




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