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New Issue of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

BackApr 15, 2016
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

MALAYSIA BUILDING SOCIETY BERHAD ("MBSB" OR "COMPANY") PROPOSED RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB ("MBSB SHARES" OR "SHARES") TO RAISE GROSS PROCEEDS OF UP TO RM2.00 BILLION ("PROPOSED RIGHTS ISSUE")

Reference is made to the announcements dated 10 March 2016 and 14 March 2016 in relation to the Proposed Rights Issue (“Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

On behalf of the Board, AmInvestment Bank and RHB Investment Bank wish to announce that Bursa Securities had vide its letter dated 14 April 2016 (which was received on 15 April 2016), granted its approval for the listing of and quotation for the Rights Shares in respect of the Proposed Rights Issue.

The approval granted by Bursa Securities for the Proposed Rights Issue is subject to, amongst others, the following conditions:

  1. MBSB and the Joint Advisers must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Rights Issue;
  2. MBSB and the Joint Advisers to inform Bursa Securities upon the completion of the Proposed Rights Issue; and
  3. MBSB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue is completed.

 

This announcement is dated 15 April 2016.