Malaysia Steel Manufacturer   

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) PROPOSED BONUS ISSUE OF UP TO 106,810,281 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”) (“BONUS SHARES”) ON THE BASIS OF 1 BONUS SHARE FOR EVERY 3 EXISTING MASTEEL SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE”)

December 15th, 2017


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description

MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) PROPOSED BONUS ISSUE OF UP TO 106,810,281 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”) (“BONUS SHARES”) ON THE BASIS OF 1 BONUS SHARE FOR EVERY 3 EXISTING MASTEEL SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE”)





We refer to the announcements dated 23 November 2017 and 11 December 2017 in relation to the Proposed Bonus Issue. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 14 December 2017, approved the listing of up to 106,810,281 Bonus Shares to be issued pursuant to the Proposed Bonus Issue subject to the following conditions:-

    1. Masteel and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements (“Main LR”) pertaining to the implementation of the Proposed Bonus Issue;
    2. Masteel and UOBKH to inform Bursa Securities upon completion of the Proposed Bonus Issue;
    3. Masteel to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed;
    4. Masteel to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders at the extraordinary general meeting for the Proposed Bonus Issue; and
    5. Masteel and UOBKH are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) & (b) and 6.35(4) of the Main LR.


This announcement is dated 14 December 2017.