MULTIPLE PROPOSALS SCC HOLDINGS BERHAD ("SCC" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED SHARE SPLIT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

SCC HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
SCC HOLDINGS BERHAD ("SCC" OR "COMPANY")

(I)	PROPOSED BONUS ISSUE; AND
(II)	PROPOSED SHARE SPLIT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the announcements dated 19 April 2017 and 20 April 2017 in relation to the Proposals (“Announcements”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities has, vide its letter dated 27 April 2017, resolved to approve the following:

(a)  listing of 4,277,580 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; and

(b)  Proposed Share Split.

The approval granted by Bursa Securities for the Proposed Bonus Issue and Proposed Share Split is subject to the following conditions:

1. SCC and Mercury Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue.

2. SCC and Mercury Securities to inform Bursa Securities upon completion of the Proposed Bonus Issue.

3. SCC 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. SCC and Mercury Securities are required to make the relevant announcements for the Proposed Bonus Issue pursuant to Rules 6.36(2)(a)&(b) and 6.36(4) of the Listing Requirements.

5. In respect of the Proposed Share Split, SCC or its adviser is required to make the relevant announcements pursuant to Rule 13.10(2) of the Listing Requirements.

 

This announcement is dated 27 April 2017.





Announcement Info

Company Name SCC HOLDINGS BERHAD
Stock Name SCC
Date Announced 27 Apr 2017
Category General Announcement for PLC
Reference Number GA1-27042017-00140