We refer to our announcements dated 22 January 2015 and 30 January 2015
in relation to the Proposals (Announcements).
Unless otherwise defined, the definitions set out in the Announcements shall
apply herein.
On behalf of the Board, TA Securities wishes to announce that Bursa
Securities had, vide its letter dated 16 March 2015, resolved to approve the
following:
(i) Listing of up to 109,523,280 Bonus Shares to be issued pursuant to
the Proposed Bonus Issue of Shares;
(ii) Listing of up to 21,888,912 new Warrants 2014/2019 arising from
adjustment to the number of outstanding Warrants 2014/2019 pursuant to the
Proposed Bonus Issue of Shares (Adjustment
Warrants); and
(iii) Listing of up to 21,888,912 new Sunzen Shares to be issued
pursuant to the exercise of the Adjustment Warrants.
The approval granted by Bursa Securities for the listing and quotation
of the new Sunzen Shares to be issued pursuant to the Proposed Bonus Issue of
Shares is subject to the following conditions:
(i) Sunzen and TA Securities must fully comply with the relevant
provisions under the Listing Requirements pertaining to the implementation of
the Proposed Bonus Issue of Shares;
(ii) Sunzen and TA Securities to inform Bursa Securities upon the
completion of the Proposed Bonus Issue of Shares;
(iii) Sunzen to furnish Bursa Securities with a written confirmation of
its compliance with the terms and conditions of Bursa Securities approval once
the Proposed Bonus Issue of Shares is completed; and
(iv) Sunzen and TA Securities are required to make the relevant announcements
pursuant to Rule 6.36(2)(a) and (b) and 6.36(4) of the Listing Requirements.
The Adjustment Warrants and the Bonus Shares will be listed
simultaneously.
This announcement is dated 17 March 2015.