General Announcement for PLC

05/12/2017

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

PARLO BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description 
ARLO BERHAD ("PARLO" OR THE "COMPANY") (FORMERLY KNOWN AS CYBERTOWERS BERHAD)

(I) SHARE CAPITAL REDUCTION; 
(II) SHARE CONSOLIDATION; 
(III) ACQUISITION;
(IV) EXEMPTION;
(V) DEBT SETTLEMENT; AND
(VI) PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO AS "REGULARISATION PLAN" OR "PROPOSALS")

Reference is made to the announcements dated 15 December 2015, 18 March 2016, 26 July 2016, 25 October 2016, 3 November 2016, 11 November 2016, 16 March 2017, 3 August 2017, 5 September 2017, 14 September 2017, 9 October 2017, 13 October 2017 and 23 November 2017 in relation to the Proposals. Unless otherwise defined, the definitions set out in the earlier announcements in relation to the Proposals shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the High Court of Malaya had on 5 December 2017 granted the order confirming the Share Capital Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Companies Commission of Malaysia for the Share Capital Reduction to take effect.

The effective date of the Share Capital Reduction will be announced in due course.

This announcement is dated 5 December 2017.



Announcement Info

Company Name PARLO BERHAD
Stock Name PARLO
Date Announced 05 Dec 2017
Category General Announcement for PLC
Reference Number GA1-05122017-00013


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