NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MESB BERHAD (“MESB” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED SHARE CAPITAL OF MESB TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED AT A LATER DATE (“PROPOSED PRIVATE PLACEMENT”)
We refer to the Company’s announcements dated 10 October 2019 and 22 October 2019 in relation to the Proposed Private Placement.
On behalf of the Board of Directors of MESB, KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 4 November 2019, approved the listing of and quotation for up to 36,855,000 new ordinary shares in MESB (“MESB Shares”) representing up to 30% of the total number of issued shares of MESB (excluding treasury shares, if any and assuming all the 40,950,000 outstanding warrants are fully exercised), to be issued pursuant to the Proposed Private Placement subject to the following conditions:-
(i) MESB and KAF IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Private Placement;
(ii) MESB and KAF IB to inform Bursa Securities upon the completion of the Proposed Private Placement; and
(iii) MESB 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.
MESB is required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.
This announcement is dated 4 November 2019.