General Announcement for PLC

20/06/2019

OTHERS AMCORP PROPERTIES BERHAD ("AMPROP" OR THE "COMPANY") - PROPOSED VARIATION TO THE UTILISATION OF PROCEEDS OF RM75.9 MILLION FROM THE ISSUANCE OF 509,406,416 CLASS B REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS B") ("PROPOSED VARIATION")

AMCORP PROPERTIES BERHAD

Type Announcement
Subject OTHERS
Description 
AMCORP PROPERTIES BERHAD ("AMPROP" OR THE "COMPANY")
- PROPOSED VARIATION TO THE UTILISATION OF PROCEEDS OF RM75.9 MILLION FROM THE ISSUANCE OF 509,406,416 CLASS B REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS B") ("PROPOSED VARIATION")

We refer to the Company’s announcement dated 27 May 2019 in relation to the Proposed Variation.

The Company wishes to announce that Bank Negara Malaysia (“BNM”) had vide its letter dated 19 June 2019, which we received on 20 June 2019, approved the Proposed Variation subject to the condition that AMPROP is to notify BNM upon completion of the part-repayment of its bank borrowings utilising the RM75.9 million from the Proposed Variation.

All other terms and conditions of the approval letter from BNM dated 23 November 2017 in relation to the proposed renounceable rights issue of RCPS B remain unchanged.

This announcement is dated 20 June 2019.



Announcement Info

Company Name AMCORP PROPERTIES BERHAD
Stock Name AMPROP
Date Announced 20 Jun 2019
Category General Announcement for PLC
Reference Number GA1-20062019-00036


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