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Multiple Proposals

BackJan 26, 2017
Type Announcement
Subject MULTIPLE PROPOSALS
Description

SARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR "COMPANY")

(I) PROPOSED CGSB ACQUISITION;

(II) PROPOSED PAR VALUE REDUCTION;

(III) PROPOSED M&A AMENDMENTS; AND

(IV) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the announcement dated 28 December 2016 ("Announcement"). Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the Announcement.

Inter-Pacific Securities Sdn. Bhd., on behalf of the Board of Directors of SCIB, wishes to announce that an application in relation to the listing of and quotation for the Consideration Shares and Placement Shares to be issued pursuant to the Proposed CGSB Acquisition and Proposed Private Placement respectively have been submitted to Bursa Malaysia Securities Berhad for approval on 26 January 2017.

This announcement is dated 26 January 2017.




Announcement Info

Company Name SARAWAK CONSOLIDATED INDUSTRIES BERHAD
Stock Name SCIB
Date Announced 26 Jan 2017
Category General Announcement for PLC
Reference Number GA1-23012017-00023