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

Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the previous announcements in relation to the Proposed Private Placement.

On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 6 March 2023, resolved to approve the listing of and quotation for up to 82,722,252 Placement Shares to be issued pursuant to the Proposed Private Placement, subject to the following conditions:

1) SCIB and Malacca Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

2) Malacca Securities to furnish Bursa Securities with details of the placees as per Paragraph 6.15 of the Listing Requirements for Bursa Securities' review, prior to the issuance/allotment of the Placement Shares;

3) Malacca Securities is required to do quarterly updates via Bursa LINK (simultaneous with the submission of Quarterly Report) on the following:

(a) The status on each of the event or purpose for which the total proceeds raised from the Proposed Private Placement are utilised for, including but not limited to, the percentages of completion of the initiatives and the repayment of bank borrowings:

(b) Where relevant, details on where the balance of proceeds raised is being placed (pending utilisation). If it is parked with asset management company/fund manager, to disclose the name of the asset management company/fund manager; and

(c) The summary of Placement Shares issued and allotted as follows:

(i) Date of price fixing and issuance date of Placement Shares (each tranche);

(ii) Quantity of Placement Shares issued and allotted;

(iii) Issue price and basis in arriving at (each tranche); and

(iv) Aggregate number of Placement Shares issued and allotted as at the end of each quarter.

4) Malacca Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and

5) Malacca Securities 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.

This announcement is dated 6 March 2023.

Announcement Info