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The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the Company’s announcement dated 25 May 2017 in relation to the Private Placement.

We refer to the announcement made by the Company on 25 May 2017, the announcement of the signing of the Subscription Agreement dated 17 July 2017 and the announcement of the signing of the Supplemental Agreement dated 30 October 2017.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company has completed the Private Placement, following the listing of and quotation for 4,800,000 Masteel Shares on 30 January 2018. The Company wishes to inform that 24,300,000 Masteel Shares under the Private Placement have been fully subscribed by Macquarie Bank and the Company has raised a total of RM27,627,175 from the Private Placement.


This announcement is dated 30 January 2018.


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