General Announcement for PLC

10/02/2020

OTHERS PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF SNCB AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT, CONSTRUCTION AND PROPERTY INVESTMENT BUSINESS (PROPOSED DIVERSIFICATION)

SAND NISKO CAPITAL BERHAD

Type Announcement
Subject OTHERS
Description 
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF SNCB AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT, CONSTRUCTION AND PROPERTY INVESTMENT BUSINESS (PROPOSED DIVERSIFICATION)

Reference is made to the Company’s announcements dated 22 April 2016, 26 April 2016 and 6 January 2020 in relation to the Proposed Diversification (“Announcements”).

 

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

 

SNCB had on 8 January 2020 submitted the draft circular for the Proposed Diversification for Bursa Securities’ review. Bursa Securities had vide its letter dated 22 January 2020 provided its comments and informed SNCB that SNCB may proceed with printing after incorporating the comments.

 

Pursuant to Paragraph 9.33(1)(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), SNCB is required to issue the Circular in relation to the Proposed Diversification by 12 February 2020, being 14 market days from 22 January 2020.

 

In view of the above, the Company has on 10 February 2020 submitted an application to Bursa Securities to seek its approval for an extension of time until 2 March 2020 for the Company to issue the Circular pertaining to the Proposed Diversification to its shareholders.

 

Further announcement will be made upon the receipt of decision from Bursa Securities.

 

This announcement is dated 10 February 2020.



Announcement Info

Company Name SAND NISKO CAPITAL BERHAD
Stock Name SNC
Date Announced 10 Feb 2020
Category General Announcement for PLC
Reference Number GA1-10022020-00049


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