General Announcement for PLC

09/06/2022

MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY")

I. PROPOSED ACQUISITION; AND
II. PROPOSED DIVERSIFICATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the earlier announcements dated 10 May 2022 and 24 May 2022 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 8 June 2022, resolved to approve the listing and quotation of 10,507,881 Consideration Shares to be issued pursuant to the Proposed Acquisition.

The approval granted by Bursa Securities for the Proposals is subject to the following conditions:-

i. XHH and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements ("Listing Requirements") pertaining to the implementation of the Proposed Acquisition;

ii. XHH is required to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders at the extraordinary general meeting approving the Proposals;

iii. XHH and UOBKH are required to inform Bursa Securities upon the completion of the Proposals; and

iv. XHH is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposals are completed.

 

This announcement is dated 9 June 2022.






Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 09 Jun 2022
Category General Announcement for PLC
Reference Number GA1-09062022-00017


Related Announcements for XINHWA
Date Title
27/07/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. ACQUISITION; AND II. DIVERSIFICATION
24/05/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
10/05/2022 MULTIPLE PROPOSALS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") I. PROPOSED ACQUISITION; AND II. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
01/04/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
21/10/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") DISPOSAL BY XIN HWA TRADING & TRANSPORT SDN BHD ("XHTT" OR THE "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF XHH OF THE SUBJECT PROPERTIES (AS DEFINED HEREIN) TO RHB TRUSTEES BERHAD ACTING AS THE TRUSTEE FOR AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") ("RHB TRUSTEES" OR THE "PURCHASER"), FOR A TOTAL DISPOSAL CONSIDERATION OF RM75,000,000 TO BE SATISFIED ENTIRELY IN CASH, AND THE SUBSEQUENT LEASEBACK OF THE SUBJECT PROPERTIES BY XHTT
15/10/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF XHH (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE TENURE OF THE SCHEME ("ESOS")
04/10/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
27/09/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
09/09/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT
03/09/2021 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") PRIVATE PLACEMENT