We refer to the announcements made on
17 February 2014 and 25 February 2014 in relation to the Proposed Free Warrants
Issue (Announcements). Unless
otherwise defined, the definitions set out in the Announcements shall apply
herein.
On behalf of Sunzen, TA Securities
wishes to announce that Bursa Securities had, vide its letter dated 3
March 2014, approved the following:
Admission to the Official List and
listing and quotation of up to 49,796,833 Warrants to be issued pursuant to the
Proposed Free Warrants Issue; and
Listing of up to 49,796,833 new Sunzen
Shares to be issued pursuant to the exercise of the Warrants.
The approvals granted by Bursa
Securities for the Proposed Free Warrants Issue are subject to the following
conditions:
Sunzen and TA Securities must fully
comply with the relevant provisions under the ACE Market Listing Requirements (LR) pertaining to the implementation
of the Proposed Free Warrants Issue;
Sunzen and TA Securities to inform
Bursa Securities upon the completion of the Proposed Free Warrants Issue;
Sunzen to furnish Bursa Securities with
a written confirmation of its compliance with the terms and conditions of Bursa
Securities approval once the Proposed Free Warrants Issue is completed; and
Sunzen is required to furnish Bursa
Securities on a quarterly basis a summary of the total number of Shares listed
pursuant to the exercise of the Warrants as at the end of each quarter together
with a detailed computation of listing fees payable.
This announcement is dated 4
March 2014.