General Announcement for PLC

23/11/2016

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES PROPOSED BONUS ISSUE OF 36,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN XHH ("XHH SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING XHH SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description 
PROPOSED BONUS ISSUE OF 36,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN XHH ("XHH SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING XHH SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

We refer to the Company’s announcements dated 18 November 2016 and 21 November 2016 in relation to the Proposed Bonus Issue.

On behalf of the Board of Directors of XHH, Public Investment Bank Berhad (“PIVB”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had via its letter dated 23 November 2016, approved the listing of and quotation for the Bonus Shares to be issued pursuant to the Proposed Bonus Issue, subject to the following conditions:

(i) XHH and PIVB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“LR”) pertaining to the implementation of the Proposed Bonus Issue;

(ii) XHH and PIVB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

(iii) XHH 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 is completed; and

(iv) XHH and PIVB are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) and (b) and 6.35(4) of the LR.

This announcement is dated 23 November 2016.



Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 23 Nov 2016
Category General Announcement for PLC
Reference Number GA1-23112016-00106


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