announcement : 16 October 2009
Type : Announcement
Subject : THREE-A RESOURCES BERHAD ("3A" OR THE "COMPANY")

LISTING APPLICATION OF 61,600,000 NEW ORDINARY SHARES OF RM0.20 EACH IN 3A ("3A SHARES"), REPRESENTING UP TO 20% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF 3A PURSUANT TO THE PROPOSED PRIVATE PLACEMENT ("PROPOSED PRIVATE PLACEMENT")

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Announcement Details :

We refer to the announcement made by OSK Investment Bank Berhad ("OSK") on behalf of the Board of Directors of the Company ("Board") on 5 October 2009, 8 October 2009 and 12 October 2009 in relation the Proposed Private Placement.

On behalf of the Board, OSK wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has resolved to approve the listing of 61,600,000 new 3A Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

  • 3A and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements ("LR") pertaining to the implementation of the proposal;
  • 3A and its adviser to inform Bursa Securities upon the completion of the proposal;
  • 3A to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the proposal is completed; and
  • 3A to furnish Bursa Securities a certified true copy of the resolution passed by the shareholders approving the Proposed Private Placement.
In the event the new ordinary shares to be issued pursuant to the Proposed Private Placement will be listed and quoted as the existing securities of the same class, quotation of the new ordinary shares will commence on the next market day after the following:-
  • Submission of the share certificate together with a covering letter containing the summary of the corporate proposal to Bursa Malaysia Depository Sdn Bhd ("Bursa Depository") before 10 a.m. on the market day prior to the listing date;
  • Receipt of confirmation from Bursa Depository that the additional new shares are ready for crediting into the respective account holders; and
  • An announcement in accordance to Paragraph 13.2 of Practice Note 28 ("PN28") is submitted via Bursa Link before 3 p.m. on the market day prior to the listing date.

3A is required to ensure full compliance of all the requirements as provided under the LR at all times.

 

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