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Multiple Proposals

BackSep 26, 2025

 

Type Announcement
Subject MULTIPLE PROPOSALS
Description SARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR THE "COMPANY")

(I) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(II) PROPOSED SHARE CAPITAL REDUCTION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(For consistency purposes, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 26 June 2025 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the Company’s announcements dated 26 June 2025 and 18 July 2025 in relation to the Proposals.

 

On behalf of the Board, Interpac wishes to announce that Bursa Securities has, vide its letter dated 26 September 2025, resolved to approve the following:- 

 

(i) admission to the Official List of Bursa Securities and the listing of and quotation for up to 763,624,813 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants;

 

(ii) listing of and quotation for up to 763,624,813 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants; and

 

(iii) listing of and quotation for up to 763,624,813 new SCIB Shares to be issued arising from the exercise of the Warrants.

 

The approval granted by Bursa Securities for the Proposed Rights Issue with Warrants is subject to the following conditions:- 

 

(i) SCIB and Interpac must fully comply with the relevant provisions under the Listing Requirements at all times pertaining to the implementation of the Proposed Rights Issue with Warrants, including compliance with the public shareholding spread requirements pursuant to Paragraph 8.02(1) of Listing Requirements upon the exercise of the Warrants; 

 

(ii) Interpac to inform Bursa Securities upon completion of the Proposed Rights Issue with Warrants; 

 

(iii) Interpac to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Rights Issue with Warrants is completed; 

 

(iv) SCIB and Interpac are required to provide a written confirmation that the terms of Warrants are in compliance with Paragraph 6.54(3) of the Listing Requirements; 

 

(v) SCIB to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants as at the end of each quarter together with a detailed computation of the listing fees payable; and

 

(vi) to incorporate the comments made by Bursa Securities in the circular to shareholders.  

 

This announcement is dated 26 September 2025.

 


Announcement Info

Company Name SARAWAK CONSOLIDATED INDUSTRIES BERHAD
Stock Name SCIB
Date Announced 26 Sep 2025
Category General Announcement for PLC
Reference Number GA1-26092025-00048