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PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF EBWORX BERHAD ("EBWORX" OR THE "COMPANY") TO INVESTORS TO BE IDENTIFIED ("PROPOSED PRIVATE PLACEMENT")

EBWORX BERHAD

Type

Announcement
SubjectPROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF EBWORX BERHAD ("EBWORX" OR THE "COMPANY") TO INVESTORS TO BE IDENTIFIED ("PROPOSED PRIVATE PLACEMENT")

Contents :

We refer to the announcement made by OSK Securities Berhad ("OSK"), on behalf of the Board of Directors of eBworx Berhad ("eBworx" or the "Company") ("Board") on 24 February 2005 in relation to the Proposed Private Placement.


On behalf of the Board, OSK is pleased to announce that the Securities Commission ("SC"), had vide its letter dated 30 March 2005, which was received on 6 April 2005, approved the Proposed Private Placement pursuant to Section 32(5) of the SC Act, 1993 ("SCA"), subject to the following conditions:-

(i) OSK / eBworx to submit the list of placees upon completion of the placement exercise;

(ii) OSK / eBworx to inform the SC on the completion of the Proposed Private Placement; and

(iii) eBworx to fully comply with the relevant provisions in the Listing Requirements of Bursa Securities Malaysia Berhad for the MESDAQ Market and the Policies and Guidelines on Issue/Offer of Securities in implementing the Proposed Private Placement.

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcement in relation to the Proposed Private Placement.

This announcement is dated 6 April 2005.



Announcement Info

Company NameEBWORX BERHAD (MESDAQ Market) 
Stock Name EBWORX    
Date Announced6 Apr 2005  
CategoryGeneral Announcement
Reference NoOS-050406-57474

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