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28 Jan 2010

Contents
:
On behalf of the Board of Directors of MASTEEL (the “Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce that the Company proposed to implement a private placement of up to 19,466,666 new ordinary shares of RM0.50 each (“Share or Share(s)”) in MASTEEL (“Placement Shares”), representing not more than ten percent (10%) of the issued and paid-up share capital of the Company, to investors to be identified (“Proposed Private Placement”).

Further details on the Proposed Private Placement are set out in the attachment below.

This announcement is dated 28 January 2010.

Attachments
:
01 Announcement on Proposed Private Placement.pdf
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