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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES HUA YANG BERHAD ("HUA YANG" OR THE "COMPANY") PROPOSED BONUS ISSUE OF 88,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN HUA YANG ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN HUA YANG ("HUA YANG SHARE(S)" OR "SHARE(S)") ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

HUA YANG BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
HUA YANG BERHAD ("HUA YANG" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF 88,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN HUA YANG ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN HUA YANG ("HUA YANG SHARE(S)" OR "SHARE(S)") ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

We refer to the announcements dated 20 July 2016 in relation to the Proposed Bonus Issue. Unless otherwise defined, the definitions set out in the previous announcement shall apply herein.

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had vide its letter dated 27 July 2016, which was received on 29 July 2016 (“Approval Letter”), resolved to approve the listing of and quotation for 88,000,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue subject to the following conditions:-

  1. Hua Yang and RHB Investment Bank, being the Adviser, must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue;
  2. Hua Yang and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
  3. Hua Yang to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed;
  4. Hua Yang and RHB Investment Bank are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) and (b) and 6.35(4) of the Listing Requirements; and
  5. Hua Yang to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in the general meeting.

 

This announcement is dated 29 July 2016.






Announcement Info

Company Name HUA YANG BERHAD
Stock Name HUAYANG
Date Announced 29 Jul 2016
Category General Announcement for PLC
Reference Number GA1-29072016-00059


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