General Announcement

13/11/2009

SANICHI TECHNOLOGY BERHAD (STB or Company) PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES

SANICHI TECHNOLOGY BERHAD

TypeAnnouncement
SubjectSANICHI TECHNOLOGY BERHAD (STB or Company)

PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES
ContentsWe refer to the announcement dated 15 September 2009, whereby it was announced that the application to Bursa Malaysia Securities Berhad (Bursa Securities) for the Proposed Private Placement is expected to be made within two (2) months from the date of the said announcement.

Pursuant to Rule 9.32(a) of the ACE Market Listing Requirements of Bursa Securities, a listed corporation is required to submit the circular to Bursa Securities or issue the circular as soon as possible and in any event not later than two (2) months from the date of the said announcement or the date the last approval necessary for the corporate proposal is obtained from the relevant authority, whichever is later (Deadline). However, STB is currently still in the course of finalising negotiations with identified placees on the terms and conditions for their subscription for the Proposed Private Placement shares. As such, STB is unable to submit the listing application (accompanied with a circular on the Proposed Private Placement) to Bursa Securities and to issue the said circular to its shareholders by the Deadline.

Accordingly, on behalf of STB, MIMB Investment Bank Berhad wishes to announce that the Board of Directors of STB is proposing that the Deadline to submit the application to Bursa Securities for the Proposed Private Placement and to issue the aforesaid circular, be extended by two (2) months from the date of this announcement.

This announcement is dated 13 November 2009.

Announcement Info

Company NameSANICHI TECHNOLOGY BERHAD (ACE Market) 
Stock Name SANICHI
Date Announced13 Nov 2009  
CategoryGeneral Announcement
Reference NoMM-091112-35775

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