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

On behalf of the Board, UOB Kay Hian wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had on 15 May 2020, resolved to approve the listing and quotation of up to 36,750,000 new SCIB Shares to be issued pursuant to the Proposed Private Placement, subject to the following conditions:

1. SCIB and UOB Kay Hian must fully comply with the relevant provisions under the Main Market Listing Requirements ("Listing Requirements") pertaining to the implementation of the Proposed Private Placement;
2. SCIB and UOB Kay Hian to inform Bursa Securities upon the completion of the Proposed Private Placement;
3. SCIB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed;
4. SCIB to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed Private Placement; and
5. SCIB to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of new shares to be issued pursuant to the Proposed Private Placement.

This announcement is dated 15 May 2020.

Announcement Info