Reference is made to the Company’s announcements dated 31 December 2020, 25 February 2021, 17 March 2021, 19 March 2021, 31 May 2021, 2 June 2021, 10 June 2021, 2 July 2021, 8 September 2021, 20 October 2021, 27 October 2021, 7 December 2021, 27 December 2021, 21 January 2022, 11 February 2022 and 15 February 2022 in relation to the Proposed Regularisation Plan (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the aforesaid Announcements.
On behalf of the Board, HLIB wishes to announce that the High Court has, at today’s hearing, granted, among others, an order approving and sanctioning the Proposed Share Exchange and Proposed Transfer of Listing Status in relation to the proposed scheme of arrangement of DMB pursuant to DMB’s application under Section 366 of the Companies Act 2016 (“Sanction Order”). The Proposed Share Exchange and Proposed Transfer of Listing Status will take effect upon lodgement of the Sanction Order with the Registrar of Companies of Malaysia.
This announcement is dated 21 February 2022.