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New Issue of Securities (Chapter 6 Of Listing Requirements) : Bonus Issues

BackOct 27, 2023
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description

STEEL HAWK BERHAD ("STEEL HAWK" OR THE "COMPANY") PROPOSED BONUS ISSUE

Unless otherwise stated, all abbreviations used herein shall have the same meanings as defined in the announcements dated 10 July 2023 and 12 July 2023, which set out the details of the Proposed Transfer.

On behalf of the Board of Directors of Steel Hawk ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a bonus issue of 240,000,000 new ordinary shares in Steel Hawk ("Steel Hawk Share(s)" or "Share(s)") ("Bonus Share(s)") on the basis of 3 Bonus Shares for every 2 existing Steel Hawk Shares held on an entitlement date to be determined later ("Proposed Bonus Issue").

For information purposes, the Proposed Bonus Issue is intended to be undertaken by the Company purely as a pre-listing reorganisation exercise prior to the Proposed Transfer, where it forms an integral part of the Company's listing of and quotation for its enlarged issued share capital on the ACE Market of Bursa Malaysia Securities Berhad pursuant to the Proposed Transfer.

Further details of the Proposed Bonus Issue are set out in the attachment enclosed.

 

This announcement is dated 27 October 2023.

 


Announcement Info

Company Name STEEL HAWK BERHAD
Stock Name SKHAWK
Date Announced 27 Oct 2023
Category General Announcement for PLC
Reference Number GA1-27102023-00071

Attachments

  1. SHB_-_Announcement_(Bonus_Issue)_final.pdf (Size: 51,834 bytes)