The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the announcements made by UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian"), on behalf of the Board on 7 April 2020, 22 April 2020 and 15 May 2020 in relation to the Proposals.

On behalf of the Board, UOB Kay Hian wishes to announce that following the approval received from the shareholders of SCIB for the Proposals at the Company's Extraordinary General Meeting today, the Proposals shall take immediate effect today.

Further, the Board, save for the Interested Directors, had on 3 June 2020 resolved to fix the issue price for the Placement Shares at RM1.820 per Placement Share.

The issue price of RM1.820 per Placement Share represents a discount of approximately 9.81% to the 5-day volume weighted average market price ("VWAP") of SCIB Shares up to and including 2 June 2020, being the last traded day of SCIB Shares immediately preceding the price-fixing date, of RM2.018 per SCIB Share.

This announcement is dated 3 June 2020.

Announcement Info