17 May 2012
General Announcement > NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQU

 

General Announcement
Reference No MI-120517-64053

Submitting Merchant Bank
:
KENANGA INVESTMENT BANK BERHAD
Company Name
:
YINSON HOLDINGS BERHAD
Stock Name
:
YINSON
Date Announced
:
17/05/2012


Type
:
Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
 
Description
:
YINSON HOLDINGS BERHAD ("YINSON" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 11,987,100 NEW ORDINARY SHARES OF RM1.00 EACH IN YINSON ("PROPOSED PRIVATE PLACEMENT")

Announcement Details/Table Section :

We refer to the announcements made by Kenanga Investment Bank Berhad (“KIBB”), on behalf of the Board of Directors of Yinson (“Board”) on 6 April 2012 and 12 April 2012 in respect of the Proposed Private Placement.

Further to the above, KIBB, on behalf of the Board, is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 15 May 2012 (“Approval Letter”) approved the listing and quotation for up to 11,987,100 new ordinary shares of RM1.00 each in Yinson (excluding treasury shares) to be issued pursuant to the Proposed Private Placement, on the Main Market of Bursa Securities, subject to the following conditions:-

(i) Yinson and KIBB must fully comply with the relevant provisions under the Main Market Listing Requirements (“MMLR”) pertaining to the implementation of the Proposed Private Placement;

(ii) Yinson and KIBB to inform Bursa Securities upon completion of the Proposed Private Placement;

(iii) Yinson 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;

(iv) KIBB to furnish Bursa Securities with details of the placees as per paragraph 6.15 of the MMLR, prior to the issuance/allotment of shares to the placees, together with a confirmation that the placees do not fall within any of the category of persons specified in paragraph 6.04(c) of the MMLR.

In the event the new ordinary shares to be issued pursuant to the Proposed Private Placement will be listed and quoted as the existing securities of the same class, quotation of the new ordinary shares will commence on the next market day after the following:-

(i) Submission of the share certificate together with a covering letter containing the summary of the Proposed Private Placement to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10.00 a.m. on the market day prior to the listing date;

(ii) Receipt of confirmation from Bursa Depository that the additional new shares are ready for crediting into the securities accounts of the respective account holders; and

(iii) An announcement in accordance to Paragraph 13.2 of Practice Note 28 is submitted via Bursa Link before 3.00 p.m. on the market day prior to the listing date.

Yinson is required to ensure full compliance of all the requirements as provided under the MMLR at all times.

Further to the above, pursuant to paragraph 6.62(1) of the MMLR, a listed corporation must complete the implementation of a proposal relating to an issuance of securities within six (6) months from the date of Bursa Securities’ approval for the listing application. As such, pursuant to the Approval Letter, Yinson is required to complete the Proposed Private Placement by 14 November 2012.

This announcement is dated 17 May 2012.

 

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