Archive for the ‘Exchange Filings’ Category
Press Release
Friday, February 25th, 2022MATERIAL LITIGATION
Monday, December 20th, 2021| Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements dated 30 August 2019, 5 September 2019 and 10 December 2021. The Board of Directors of Masteel wishes to announce that Safety Capital Sdn Bhd (“Safety Capital“) has filed a Notice of Appeal to the Court of Appeal against the decision of the Shah Alam High Court dated 10 December 2021 which dismissed Safety Capital’s claim against the Company for inter alia RM10,681,000.00, with costs of RM80,000.00 to be paid by Safety Capital to the Company. To date, there is no financial and operational impact arising from the Appeal and the Company will make further announcements as and when material developments arise. This announcement is dated 20 December 2021. |
MATERIAL LITIGATION
Friday, December 10th, 2021| Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements dated 30 August 2019 and 5 September 2019. The Board of Directors of Masteel wishes to announce that Safety Capital Sdn Bhd’s (“Safety Capital”) Claim for RM10,681,000.00 with interest and costs against the Company was dismissed today by the Shah Alam High Court, which held that Safety Capital had failed to prove its case on a balance of probabilities against the Company. In dismissing the Claim, the High Court ordered costs of RM80,000.00 to be paid by Safety Capital to the Company. To date, there is no financial and operational impact arising from the Claim. This announcement is dated 10 December 2021. |
Notice of Shares Buy Back by a Company
Friday, December 10th, 2021| MALAYSIA STEEL WORKS (KL) BHD |
| Date of buy back from | 26 Nov 2021 |
| Date of buy back to | 26 Nov 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Total number of shares purchased (units) | 345,000 |
| Minimum price paid for each share purchased ($$) | 0.285 |
| Maximum price paid for each share purchased ($$) | 0.290 |
| Total amount paid for shares purchased ($$) | 100,573.22 |
| The name of the stock exchange through which the shares were purchased | Bursa Malaysia Securities Berhad |
| Number of shares purchased retained in treasury (units) | 345,000 |
| Total number of shares retained in treasury (units) | 345,000 |
| Number of shares purchased which were cancelled (units) | 0 |
| Total issued capital as diminished | 0 |
| Date of Notice | 10 Dec 2021 |
| Date lodged with registrar of companies | 10 Dec 2021 |
| Lodged by | BOARDROOM CORPORATE SERVICES SDN BHD |
Immediate Announcement on Shares Buy Back
Friday, November 26th, 2021| MALAYSIA STEEL WORKS (KL) BHD |
| Date of buy back | 26 Nov 2021 |
| Description of shares purchased | Ordinary |
| Currency | Malaysian Ringgit (MYR) |
| Total number of shares purchased (units) | 345,000 |
| Minimum price paid for each share purchased ($$) | 0.285 |
| Maximum price paid for each share purchased ($$) | 0.290 |
| Total consideration paid ($$) | 100,573.22 |
| Number of shares purchased retained in treasury (units) | 345,000 |
| Number of shares purchased which are proposed to be cancelled (units) | 0 |
| Cumulative net outstanding treasury shares as at to-date (units) | 345,000 |
| Adjusted issued capital after cancellation (no. of shares) (units) | 679,109,746 |
| Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) | 0.05080 |
Change in Remuneration Committee
Wednesday, November 24th, 2021| MALAYSIA STEEL WORKS (KL) BHD |
| Type of Board Committee | Remuneration Committee |
| Date of change | 24 Nov 2021 |
| Salutation | ENCIK |
| Name | MUHAMMAD HANIZAM BIN HJ. BORHAN |
| Age | 48 |
| Gender | Male |
| Nationality | Malaysia |
| Type of change | Appointment |
| Designation | Chairman of Remuneration Committee |
| Directorate | Independent and Non Executive |
| Composition of Remuneration Committee(Name and Directorate of members after change) | Chairman:- Encik Muhammad Hanizam Bin Hj. Borhan (Independent Non-Executive Director) Members:- Mr Ng Wah Lok (Senior Independent Non-Executive Director) Mr Roy Thean Chong Yew (Independent Non-Executive Director) |
Change in Remuneration Committee
Wednesday, November 24th, 2021| MALAYSIA STEEL WORKS (KL) BHD |
| Type of Board Committee | Remuneration Committee |
| Date of change | 24 Nov 2021 |
| Salutation | DATO’ |
| Name | IKHWAN SALIM BIN DATO’ HAJI SUJAK |
| Age | 65 |
| Gender | Male |
| Nationality | Malaysia |
| Type of change | Resignation |
| Designation | Chairman of Remuneration Committee |
| Directorate | Independent and Non Executive |
| Composition of Remuneration Committee(Name and Directorate of members after change) | Chairman:- – Members:- Mr Ng Wah Lok (Senior Independent Non-Executive Director) Mr Roy Thean Chong Yew (Independent Non-Executive Director) |
3Q21 Financial Results
Wednesday, November 24th, 2021Change in the Interest of Substantial Shareholder
Friday, October 29th, 2021Particulars of substantial Securities Holder
| Name | ESTATE OF TAI CHET SIANG, DECEASED |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary shares |
Details of changes
| No | Date of change | No of securities | Type of Transaction | Nature of Interest |
| 1 | 22 Oct 2021 | 72,346,284 | Others | Indirect Interest |
| Name of registered holder | TYY RESOURCES SDN. BHD. | |||
| Description of “Others” Type of Transaction | Rights Issue |
| Circumstances by reason of which change has occurred | Subscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held. |
| Nature of interest | Indirect Interest |
| Direct (units) | |
| Direct (%) | |
| Indirect/deemed interest (units) | 213,038,900 |
| Indirect/deemed interest (%) | 31.37 |
| Total no of securities after change | 213,038,900 |
| Date of notice | 28 Oct 2021 |
| Date notice received by Listed Issuer | 29 Oct 2021 |
| Remarks : |
| The indirect interest is registered in the name of TYY Resources Sdn. Bhd. Deemed interest pursuant to Section 8(4) of Companies Act 2016 by virtue of his interest in TYY Resources Sdn. Bhd. The percentage of indirect interest is based on the total number of issued shares of 679,109,746 Ordinary Shares. |
Rights Issue with Warrants
Wednesday, October 27th, 2021Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement.
On behalf of the Board, M&A Securities wishes to announce that the Rights Issue with Warrants has been completed following the listing and quotation of 226,369,915 Rights Shares and 226,369,915 Warrants on the Main Market of Bursa Securities today.
This announcement is dated 27 October 2021.
Change in the Interest of Substantial Shareholder
Wednesday, October 27th, 2021Particulars of substantial Securities Holder
| Name | DATIN NG PIK LIAN |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary shares |
Details of changes
| No | Date of change | No of securities | Type of Transaction | Nature of Interest |
| 1 | 22 Oct 2021 | 72,346,284 | Others | Indirect Interest |
| Name of registered holder | TYY RESOURCES SDN. BHD. | |||
| Description of “Others” Type of Transaction | Rights Issue |
| Circumstances by reason of which change has occurred | Subscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held. |
| Nature of interest | Indirect Interest |
| Direct (units) | |
| Direct (%) | |
| Indirect/deemed interest (units) | 223,534,365 |
| Indirect/deemed interest (%) | 32.916 |
| Total no of securities after change | |
| Date of notice | 26 Oct 2021 |
| Date notice received by Listed Issuer | 27 Oct 2021 |
| Remarks : |
| After the change, the indirect interest are registered as follows:- (i) TYY Resources Sdn. Bhd. (213,038,900 shares) – Deemed interest by virtue of her substantial shareholdings in TYY Resources Sdn. Bhd. (ii) Kemajuan Rekacekap Sdn. Bhd. (10,495,465 shares) – Deemed interest by virtue of her substantial shareholdings in Kemajuan Rekacekap Sdn. Bhd. The percentage of indirect interest is based on the total number of issued shares of 679,109,746 Ordinary Shares. |
Rights Issue with Warrants
Tuesday, October 26th, 2021Please be advised that:
1) MASTEEL’s additional 226,369,915 new ordinary shares issued pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 27 October 2021; and
2) MASTEEL’s 226,369,915 new Warrants issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing of and quotation for the Warrants on the Main Market will be granted with effect from 9.00 a.m., Wednesday, 27 October 2021.
The Stock Short Name, Stock Number and ISIN Code of the Warrants are “MASTEEL-WB”, “5098WB” and “MYL5098WB6A6” respectively.
Changes in Director’s Interest
Tuesday, October 26th, 2021Particulars of Director
| Name | DATO’ SRI TAI HEAN LENG @ TEK HEAN LENG |
| Descriptions(Class) | Ordinary Shares |
Details of changes
| No | Date of change | No of securities | Type of transaction | Nature of Interest |
| 1 | 22/10/2021 | 475,000 | Others | Direct Interest |
| Name of registered holder | DATO’ SRI TAI HEAN LENG @ TEK HEAN LENG | |||
| Description of “Others” Type of Transaction | Rights Issue | |||
| Consideration (if any) | ||||
| 2 | 22/10/2021 | 72,346,284 | Others | Indirect Interest |
| Name of registered holder | TYY RESOURCES SDN. BHD. | |||
| Description of “Others” Type of Transaction | Rights Issue | |||
| Consideration (if any) |
| Circumstances by reason of which change has occurred | Subscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held. |
| Nature of interest | Direct and Indirect Interest |
| Total no of securities after change | |
| Direct (units) | 1,425,000 |
| Direct (%) | 0.210 |
| Indirect/deemed interest (units) | 213,038,900 |
| Indirect/deemed interest (%) | 31.370 |
| Date of notice | 26/10/2021 |
| Date notice received by Listed Issuer | 26/10/2021 |
| Remarks : |
| The indirect interest is registered in the name of TYY Resources Sdn. Bhd. Deemed interest pursuant to Section 8(4) of the Companies Act 2016 by virtue of his interest in TYY Resources Sdn. Bhd. The percentage of direct and indirect interest are based on the total number of issued shares of 679,109,746 Ordinary Shares. This announcement is also made to comply with Paragraphs 14.08 and 14.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. |
Change in the Interest of Substantial Shareholder
Tuesday, October 26th, 2021Particulars of substantial Securities Holder
| Name | DATO’ SRI TAI HEAN LENG @ TEK HEAN LENG |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary shares |
Details of changes
| No | Date of change | No of securities | Type of Transaction | Nature of Interest |
| 1 | 22 Oct 2021 | 475,000 | Others | Direct Interest |
| Name of registered holder | DATO’ SRI TAI HEAN LENG @ TEK HEAN LENG | |||
| Description of “Others” Type of Transaction | Rights Issue | |||
| 2 | 22 Oct 2021 | 72,346,284 | Others | Indirect Interest |
| Name of registered holder | TYY RESOURCES SDN. BHD. | |||
| Description of “Others” Type of Transaction | Rights Issue |
| Circumstances by reason of which change has occurred | Subscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held. |
| Nature of interest | Direct and Indirect Interest |
| Direct (units) | 1,425,000 |
| Direct (%) | 0.21 |
| Indirect/deemed interest (units) | 213,038,900 |
| Indirect/deemed interest (%) | 31.37 |
| Total no of securities after change | |
| Date of notice | 26 Oct 2021 |
| Date notice received by Listed Issuer | 26 Oct 2021 |
| Remarks : |
| The indirect interest is registered in the name of TYY Resources Sdn. Bhd. Deemed interest pursuant to Section 8(4) of the Companies Act 2016 by virtue of his interest in TYY Resources Sdn. Bhd. The percentage of direct and indirect interest are based on the total number of issued shares of 679,109,746 Ordinary Shares. |
Change in the Interest of Substantial Shareholder
Tuesday, October 26th, 2021Particulars of substantial Securities Holder
| Name | TYY RESOURCES SDN BHD |
| Address | Unit B-05-03, 5th Floor, Block B (West Wing) PJ8 Office Suite No. 23 Jalan Barat, Seksyen 8 Petaling Jaya 46050 Selangor Malaysia. |
| Company No. | 196501000688 (6479-X) |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary shares |
Details of changes
| No | Date of change | No of securities | Type of Transaction | Nature of Interest |
| 1 | 22 Oct 2021 | 72,346,284 | Others | Direct Interest |
| Name of registered holder | TYY RESOURCES SDN. BHD. | |||
| Address of registered holder | Unit B-05-03, 5th Floor, Block B (West Wing), PJ8 Office Suite, No. 23 Jalan Barat, Seksyen 8, 46050 Petaling Jaya, Selangor. | |||
| Description of “Others” Type of Transaction | Rights Issue |
| Circumstances by reason of which change has occurred | Subscription of Rights Issue with Warrants on the basis of 1 Rights Share for every 2 existing Ordinary Shares held. |
| Nature of interest | Direct Interest |
| Direct (units) | 213,038,900 |
| Direct (%) | 31.37 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Total no of securities after change | |
| Date of notice | 26 Oct 2021 |
| Date notice received by Listed Issuer | 26 Oct 2021 |
| Remarks : |
| The percentage of direct interest is based on the total number of issued shares of 679,109,746 Ordinary Shares. |
Rights Issue with Warrants (Amended Announcements)
Thursday, October 21st, 2021On behalf of the Company, M&A Securities is pleased to announce that at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on 14 October 2021 (“Closing Date”), the Company received valid acceptances and excess applications for a total of 293,131,563 Rights Shares. This represents a subscription level of 129.49% of the total 226,369,915 Rights Shares available under the Rights Issue with Warrants.
Details of valid acceptances and excess applications received as at the Closing Date are as follows:
| No. of Rights Shares | % of total issue size | |
| Total valid acceptances | 205,741,000 | 90.89 |
| Total valid excess applications | 87,390,563 | 38.60 |
| Total valid acceptances and excess applications | 293,131,563 | 129.49 |
| Total Rights Shares available for subscription | 226,369,915 | 100.00 |
| Total oversubscription | 66,761,648 | 29.49 |
| As the acceptances and excess application received exceeded the issue size of 226,369,915 Rights Shares, the issue size of the Rights Issue with Warrants shall be based on the issue size of 226,369,915 Rights Shares and 226,369,915 Warrants. The Excess Rights Shares have been allocated in accordance with the basis stated in the Abridged Prospectus dated 29 September 2021. The Rights Shares and Warrants are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 27 October 2021. This announcement is dated 21 October 2021. |
Rights Issue with Warrants
Thursday, October 21st, 2021On behalf of the Company, M&A Securities is pleased to announce that at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on 14 October 2021 (“Closing Date”), the Company received valid acceptances and excess applications for a total of 293,131,563 Rights Shares. This represents a subscription level of 129.49% of the total 226,369,915 Rights Shares available under the Rights Issue with Warrants.
Details of valid acceptances and excess applications received as at the Closing Date are as follows:
| No. of Rights Shares | % | |
| Total valid acceptances | 205,741,000 | 90.89 |
| Total valid excess applications | 87,390,563 | 38.60 |
| Total valid acceptances and excess applications | 293,131,563 | 129.49 |
| Total Rights Shares available for subscription | 226,369,915 | 100.0 |
| Total oversubscription | 66,761,648 | 29.49 |
As the acceptances and excess application received exceeded the issue size of 226,369,915 Rights Shares, the issue size of the Rights Issue with Warrants shall be based on the issue size of 226,369,915 Rights Shares and 226,369,915 Warrants.
The Excess Rights Shares have been allocated in accordance with the basis stated in the Abridged Prospectus dated 29 September 2021.
The Rights Shares and Warrants are expected to be listed on the ACE Market of Bursa Malaysia Securities Berhad on 27 October 2021.
This announcement is dated 21 October 2021.
Prospectus
Wednesday, September 29th, 2021Press Release
Tuesday, September 28th, 20212Q21 Financial Results
Tuesday, September 28th, 2021GENERAL MEETINGS: Outcome of Meeting
Thursday, September 23rd, 2021| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 23 Sep 2021 |
| Time | 02:00 PM |
| Venue(s) | Broadcast Venue: Masteel Meeting Room, Unit B-05-3A, 5th Floor, Block B (West Wing) PJ8 Office Suite, No. 23, Jalan Barat Seksyen 8, 46050 Petaling Jaya, Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Malaysia Steel Works (KL) Bhd (“the Company”) is pleased to announce that all the resolutions set out in the Notice of Postponement of the Forty-Ninth Annual General Meeting (“Postponed 49th AGM”) of the Company dated 25 August 2021 were duly passed by the shareholders at the Postponed 49th AGM of the Company held earlier today. All the resolutions were voted on by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the poll results are set out below. This announcement is dated 23 September 2021. |
| Voting Results | ||
| 1. Ordinary Resolution 1 | ||
| Description | To approve the Directors’ fees up to an aggregate amount of RM168,000.00 for the financial year ending 31 December 2021 and benefit payable to the Directors up to an aggregate amount of RM400,600.00 from 23 September 2021 until the next AGM of the Company and the payment thereof. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 191 | 56 |
| No. of Shares | 168,251,806 | 117,514 |
| % of Voted Shares | 99.9302 | 0.0698 |
| Result | Accepted | |
| 2. Ordinary Resolution 2 | ||
| Description | To re-elect Dato’ Sri Tai Hean Leng @ Tek Hean Leng who is retiring pursuant to Clause 96 of the Constitution of the Company. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 216 | 34 |
| No. of Shares | 169,283,083 | 52,636 |
| % of Voted Shares | 99.9689 | 0.0311 |
| Result | Accepted | |
| 3. Ordinary Resolution 3 | ||
| Description | To re-elect Mr Roy Thean Chong Yew who is retiring pursuant to Clause 96 of the Constitution of the Company. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 217 | 34 |
| No. of Shares | 169,283,084 | 52,636 |
| % of Voted Shares | 99.9689 | 0.0311 |
| Result | Accepted | |
| 4. Ordinary Resolution 4 | ||
| Description | To re-elect Ms Ng Siew Peng who is retiring pursuant to Clause 96 of the Constitution of the Company. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 215 | 34 |
| No. of Shares | 169,282,712 | 52,636 |
| % of Voted Shares | 99.9689 | 0.0311 |
| Result | Accepted | |
| 5. Ordinary Resolution 5 | ||
| Description | To re-appoint Messrs RSM Malaysia as Auditors of the Company and to authorise the Directors to fix their remuneration. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 229 | 23 |
| No. of Shares | 169,326,146 | 19,158 |
| % of Voted Shares | 99.9887 | 0.0113 |
| Result | Accepted | |
| 6. Ordinary Resolution 6 | ||
| Description | Proposed continuation in office of Dato’ Ikhwan Salim Bin Dato’ Haji Sujak as Independent Non-Executive Director. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 212 | 38 |
| No. of Shares | 169,271,478 | 64,142 |
| % of Voted Shares | 99.9621 | 0.0379 |
| Result | Accepted | |
| 7. Ordinary Resolution 7 | ||
| Description | Proposed continuation in office of Mr Ng Wah Lok as Senior Independent Non-Executive Director. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 214 | 37 |
| No. of Shares | 169,271,579 | 64,141 |
| % of Voted Shares | 99.9621 | 0.0379 |
| Result | Accepted | |
| 8. Ordinary Resolution 8 | ||
| Description | Proposed continuation in office of Encik Muhammad Hanizam Bin Hj, Borhan as Independent Non-Executive Director. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 212 | 39 |
| No. of Shares | 169,271,477 | 64,243 |
| % of Voted Shares | 99.9621 | 0.0379 |
| Result | Accepted | |
| 9. Ordinary Resolution 9 | ||
| Description | Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 224 | 27 |
| No. of Shares | 169,277,347 | 66,957 |
| % of Voted Shares | 99.9605 | 0.0395 |
| Result | Accepted | |
| 10. Ordinary Resolution 10 | ||
| Description | Proposed Renewal of Authority under Sections 75 and 76 of the Act and the Constitution of the Company for the Directors to allot and issue shares. | |
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 217 | 34 |
| No. of Shares | 169,255,657 | 80,063 |
| % of Voted Shares | 99.9527 | 0.0473 |
| Result | Accepted | |
GENERAL MEETINGS: Notice of Meeting (Amended Announcement)
Wednesday, September 15th, 2021Notice of Rights Entitlement
Tuesday, September 14th, 2021RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”)
Kindly be advised of the following :
1) The Right commence of trading : 30 Sep 2021
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 01 Oct 2021
3) The last day and time for Acceptance, Renunciation and Payment : 14 Oct 2021
4) The Rights cessation quotation : 07 Oct 2021
The Stock Short Name, Number and ISIN Code MASTEEL-OR, 5098OR and MYL5098OR001
Remarks:- The last date and time for acceptance, excess application and payment is 14 October 2021 at 5:00 p.m..
Notice of Rights Entitlement (Ratio)
Tuesday, September 14th, 2021RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”)
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “Ex-Rights Issue” as from: 28 Sep 2021
2) The last date of lodgment : 29 Sep 2021
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct<1/3>, of Selling Price against the Selling Client
b) Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <1/3>, of the Transacted Price is applicable.
Remarks:– This Abridged Prospectus, together with the notice of provisional allotment and rights subscription forms pursuant to the Rights Issue with Warrants (collectively, the “Documents”) will only be despatched to the entitled shareholders whose names appear in Company’s record of depositors and who have a registered address in Malaysia or who have provided the Company’s share registrar, Securities Services (Holdings) Sdn Bhd (“Share Registrar”), with a registered address in Malaysia in writing (“Entitled Shareholder(s)”) not later than 5.00 p.m. on 29 September 2021.
The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, and are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any countries or jurisdictions other than the laws of Malaysia.
The Documents will not be sent to the foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) who do not have a registered address in Malaysia. However, such foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) may collect the Documents from the Company’s Share Registrar, Securities Services (Holdings) Sdn Bhd, in which event the Company’s Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid documents.
Important Relevant Dates for Renounceable Rights
Monday, September 13th, 2021| Entitlement subject | Important Relevant Dates for Renounceable Rights |
| Description | RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”) |
| Despatch Date | 01 Oct 2021 |
| Date for commencement of trading of rights | 30 Sep 2021 |
| Date for cessation of trading of rights | 07 Oct 2021 |
| Date for announcement of final subscription result and basis of allotment of excess Rights Securities | 21 Oct 2021 |
| Last date and time for : | |
| Sale of provisional allotment of rights | 06 Oct 2021 05:00 PM |
| Transfer of provisional allotment of rights | 08 Oct 2021 04:30 PM |
| Acceptance and Payment | 14 Oct 2021 05:00 PM |
| Excess share application and payment | 14 Oct 2021 05:00 PM |
| Available/Listing Date | 27 Oct 2021 |
| Rights Securities will be listed and quoted as the existing securities of the same class | Yes |
| Other important dates as the listed issuer may deem appropriate | |
| Entitlement Details | |
| Company Name | MALAYSIA STEEL WORKS (KL) BHD |
| Entitlement | Ordinary Shares |
| Ratio (New : Existing) | 1.0000 : 2.0000 |
| Rights Issue / Offer Price | Malaysian Ringgit (MYR) 0.3950 |
| Fractional Entitlement |
| Registrar or Service Provider name, address, telephone no | SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320849000 Fax:0320949940 |
| Remarks : |
| The last date and time for acceptance, excess application and payment is 14 October 2021 at 5:00 p.m.. This announcement is dated 13 September 2021. |
Rights Issue
Monday, September 13th, 2021| Entitlement subject | Rights Issue |
| Type | Renounceable |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”) |
| Ex-Date | 28 Sep 2021 |
| Entitlement date | 29 Sep 2021 |
| Entitlement time | 5:00 PM |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor’s Securities Account before 4:30 pm in respect of transfers | 29 Sep 2021 |
| b.Securities deposited into the Depositor’s Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new shares/securities issued (units) (If applicable) | |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.3950 |
| Par Value (if applicable) | |
| Entitlement indicator | Ratio |
| Entitlement Details | |
| Company Name | MALAYSIA STEEL WORKS (KL) BHD |
| Entitlement | Ordinary Rights |
| Ratio (New:Existing) | 1.0000 : 2.0000 |
| Rights Crediting Date | 29 Sep 2021 |
| Fractional Entitlement |
| Registrar or Service Provider name, address, telephone no | SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320849000 Fax:0320949940 |
| Remarks : |
| This Abridged Prospectus, together with the notice of provisional allotment and rights subscription forms pursuant to the Rights Issue with Warrants (collectively, the “Documents”) will only be despatched to the entitled shareholders whose names appear in Company’s record of depositors and who have a registered address in Malaysia or who have provided the Company’s share registrar, Securities Services (Holdings) Sdn Bhd (“Share Registrar”), with a registered address in Malaysia in writing (“Entitled Shareholder(s)”) not later than 5.00 p.m. on 29 September 2021. The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, and are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any countries or jurisdictions other than the laws of Malaysia. The Documents will not be sent to the foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) who do not have a registered address in Malaysia. However, such foreign Entitled Shareholder(s) and/or their renouncee(s) and/or transferee(s) (if applicable) may collect the Documents from the Company’s Share Registrar, Securities Services (Holdings) Sdn Bhd, in which event the Company’s Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid documents. This announcement is dated 13 September 2021. |
PRESS STATEMENT TITLED “MASTEEL SIGNS UNDERWRITING AGREEMENT FOR ITS RIGHTS ISSUE WITH WARRANTS EXERCISE TO RAISE RM89.41 MILLION”
Thursday, September 2nd, 2021Extension of Time for Submission of Quarterly Report
Monday, August 30th, 2021Following the implementation of full movement control order by the Government of Malaysia to contain the surge of Covid-19 cases in Malaysia, Bursa Malaysia Berhad (“Bursa Malaysia”) had vide its letter dated 16 June 2021 granted an extension of one (1) month’s time for listed issuers to submit their quarterly reports and annual reports which are due on 31 July 2021 and 31 August 2021 respectively.
In consideration of the difficulties in preparing the unaudited quarterly report for the second quarter ended 30 June 2021 (“Unaudited Second Quarterly Report”) during these challenging times, the Board of Masteel wishes to inform that the Company will utilise the extension of time granted by Bursa Malaysia and will ensure that the Unaudited Second Quarterly Report of the Company is issued by 30 September 2021.
This announcement is dated 30 August 2021.
GENERAL MEETINGS: Notice of Meeting (Amended Announcement)
Tuesday, August 24th, 2021Postponement of the Forty-Ninth Annual General Meeting
Tuesday, August 24th, 2021| We refer to our earlier announcements made on 28 April 2021 and 15 June 2021 in relation to the Notice of the Forty-Ninth Annual General Meeting (“49th AGM”) of the Company and its postponement. The Board of Directors of the Company (“the Board”) wishes to inform that the Company has obtained approval from the Companies Commission of Malaysia (“CCM”) for an extension of 90 days to convene the 49th AGM from the original due date of 30 June 2021. With the approval granted from the CCM, the Board wishes to announce that the 49th AGM of the Company which was originally scheduled to be held on Thursday, 17 June 2021 is now postponed to Thursday, 23 September 2021 at 2.00 p.m. and that the Postponed 49th AGM will be held via an online meeting platform of https://sshsb.net.my/ provided by SS E Solutions Sdn. Bhd. Please refer to our Notification to Shareholders, Notice of Postponement of the 49th AGM and the Revised Administrative Guide attached in the amended announcement of the Notice of General Meeting released on even date. This announcement is dated 24 August 2021. |
Fund Raising
Thursday, August 19th, 2021| Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement. M&A Securities Sdn Bhd on behalf of the Board wishes to announce that the Board has resolved to revise the issue price for the Rights Shares from RM0.586 to RM0.395 per Rights Share, and the exercise price of the Warrants from RM0.586 to RM0.395 per Warrant. The revised issue price of the Rights Shares and the revised exercise price of the Warrants were determined by the Board to implement the Rights Issue with Warrants at a more a suitable issue price deemed attractive to encourage subscription of the Rights Shares by the Entitled Shareholders and/or renouncee(s), after taking into consideration, amongst others, the following: (i) the historical share price movement of Masteel shares, which has declined since the previous price-fixing date of 6 May 2021; (ii) the 5D-VWAMP of Masteel Shares up to and including 18 August 2021 of RM0.5215, being the market day immediately preceding the date of this announcement; and (iii)the theoretical ex-all price of Masteel Shares of RM0.4583, calculated based on the 5D-VWAMP of Masteel Shares in (ii). The revised issue price of the Rights Shares and the revised exercise price of the Warrants represent a discount of 24.3% and 13.8% to the 5D-VWAMP of Masteel Shares up to and including 18 August 2021 (being the market day immediately preceding the date of this announcement) of RM0.5215 and the theoretical ex-all price of Masteel Shares of RM0.4583, respectively. The basis of determining the revised issue price of the Rights Shares and the revised exercise price of the Warrants is in accordance with that which was disclosed in the circular to shareholders dated 8 February 2021. Premised on the above, the Board is of the view that the revised issue price of the Rights Shares and the revised exercise price of the Warrants are fair. This announcement is dated 19 August 2021. |
Fund Raising
Tuesday, July 6th, 2021Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement.
On behalf of the Board, M&A Securities wishes to announce that Bursa Securities had vide its letter dated 6 July 2021 resolved to grant Masteel an extension of time until 14 January 2022 to complete the implementation of the Rights Issue with Warrants.
This announcement is dated 6 July 2021.
Fund Raising
Wednesday, June 30th, 2021Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement.
On behalf of the Board, M&A Securities wishes to announce that an application has been submitted to Bursa Securities to seek an extension of time of 6 months up to 14 January 2022 to implement the Rights Issue with Warrants.
This announcement is dated 30 June 2021.
Postponement of the Forty-Ninth Annual General Meeting
Tuesday, June 15th, 2021| The Company had on 28 April 2021 issued the notice of its Forty-Ninth Annual General Meeting (“49th AGM”) of the Company to be conducted through live streaming from the Broadcast Venue via Remote Participation and Voting Facilities at Masteel Meeting Room, Unit B-05-3A, 5th Floor, Block B (West Wing) PJ8 Office Suite, No. 23, Jalan Barat Seksyen 8, 46050 Petaling Jaya, Selangor Darul Ehsan Malaysia on Thursday, 17 June 2021. On 28 May 2021, the Government of Malaysia announced the implementation of “total lockdown” from 1 June 2021 to 14 June 2021 and is now further extended to 28 June 2021 to combat the spread of the COVID-19 virus in Malaysia. Due to the increasing number of COVID-19 cases especially in Klang Valley (Selangor & Wilayah Persekutuan) and the safety of our Board Members and Senior Management is of great concern, the Board of Directors would like to postpone the 49th AGM which was originally scheduled to be held on Thursday, 17 June 2021 to a later date in accordance with the Company’s Constitution. The decision also was made after taking into account the provision and facilitation of a better and meaningful engagement with shareholders at the 49th AGM of the Company where the Chairman and the Principal Board Members can be present at the Broadcast Venue to ensure seamless experience for shareholders. The Company will submit an application to the Companies Commission of Malaysia for an extension of time to hold its 49th AGM pursuant to Section 340(4) of the Companies Act 2016. Meanwhile, the Company will closely monitor the development of COVID-19 and announce the date of convening the 49th AGM in due course. This announcement is dated 15 June 2021. |
1Q21 Financial Results
Thursday, May 27th, 2021Notice of Sale or Cancellation of Treasury Shares
Tuesday, May 18th, 2021| Date of shares sold from | 04 May 2021 to 05 May 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Number of treasury shares sold/transferred/distributed (units) | 1,222,600 |
| The minimum price at which the treasury shares were sold ($$) | 0.790 |
| The maximum price at which the treasury shares were sold ($$) | 0.895 |
| Total consideration received for the treasury shares sold ($$) | 1,042,362.18 |
| The name of the Stock Exchange through which the treasury shares were sold | BURSA MALAYSIA SECURITIES BERHAD |
| Total number of shares still in treasury (units) | 0 |
| Number of treasury shares cancelled (units) | 0 |
| Total issued capital as diminished | 0 |
| Date of Notice | 18 May 2021 |
| Date lodged with registrar of companies | 18 May 2021 |
| Lodged by | BOARDROOM CORPORATE SERVICES SDN BHD |
Notice of Sale or Cancellation of Treasury Shares
Friday, May 7th, 2021| Date of shares sold from | 23 Apr 2021 to 27 Apr 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Number of treasury shares sold/transferred/distributed (units) | 788,000 |
| The minimum price at which the treasury shares were sold ($$) | 0.635 |
| The maximum price at which the treasury shares were sold ($$) | 0.670 |
| Total consideration received for the treasury shares sold ($$) | 506,460.92 |
| The name of the Stock Exchange through which the treasury shares were sold | BURSA MALAYSIA SECURITIES BERHAD |
| Total number of shares still in treasury (units) | 1,222,600 |
| Number of treasury shares cancelled (units) | 0 |
| Total issued capital as diminished | 0 |
| Date of Notice | 07 May 2021 |
| Date lodged with registrar of companies | 07 May 2021 |
| Lodged by | BOARDROOM CORPORATE SERVICES SDN BHD |
FUNd Raising – Rights Issue with Warrants
Thursday, May 6th, 2021| Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement. M&A Securities Sdn Bhd on behalf of the Board is pleased to announce that the Board has resolved to fix the issue price for the Rights Shares at RM0.586 per Rights Share, and the exercise price of the Warrants at RM0.586 per Warrant. The issue price of the Rights Shares and the exercise price of the Warrants were determined by the Board after taking into consideration, amongst others, the following: (i) the historical share price movement of Masteel Shares;(ii) the 5D-VWAMP of Masteel Shares up to and including 5 May 2021 of RM0.7810, being the market day immediately preceding the date of this announcement; and(iii) the theoretical ex-all price of Masteel Shares of RM0.6835, calculated based on the 5D-VWAMP of Masteel Shares in (ii). The issue price of the Rights Shares and the exercise price of the Warrants represent a discount of 25.0% and 14.3% to the 5D-VWAMP of Masteel Shares up to and including 5 May 2021 (being the market day immediately preceding the date of this announcement) of RM0.7810 and the theoretical ex-all price of Masteel Shares of RM0.6835, respectively. Premised on the above, the Board is of the view that the issue price of the Rights Shares and the exercise price of the Warrants are fair. This announcement is dated 6 May 2021. |
Immediate Announcement of Changes in Treasury Shares
Wednesday, May 5th, 2021| Date of transaction | 05 May 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Type of changes | Resale |
| Total number of treasury shares changed (units) | 910,000 |
| Minimum price paid for each share sold ($$) | 0.850 |
| Maximum price paid for each share sold ($$) | 0.895 |
| Total consideration received ($$) | 792916.33 |
| Total number of treasury shares held after the resale or transfer | 0 |
| Adjusted issued capital after cancellation (no. of shares) (units) | 452,739,831 |
Immediate Announcement of Changes in Treasury Shares
Tuesday, May 4th, 2021| Date of transaction | 04 May 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Type of changes | Resale |
| Total number of treasury shares changed (units) | 312,600 |
| Minimum price paid for each share sold ($$) | 0.790 |
| Maximum price paid for each share sold ($$) | 0.840 |
| Total consideration received ($$) | 249445.85 |
| Total number of treasury shares held after the resale or transfer | 910,000 |
| Adjusted issued capital after cancellation (no. of shares) (units) | 452,739,831 |
Annual Report & CG Report – 2020
Friday, April 30th, 2021Circular/Notice to Shareholders
Friday, April 30th, 2021GENERAL MEETINGS: Notice of Meeting
Wednesday, April 28th, 2021Immediate Announcement of Changes in Treasury Shares
Tuesday, April 27th, 2021| Date of transaction | 27 Apr 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Type of changes | Resale |
| Total number of treasury shares changed (units) | 306,000 |
| Minimum price paid for each share sold ($$) | 0.640 |
| Maximum price paid for each share sold ($$) | 0.665 |
| Total consideration received ($$) | 197886.86 |
| Total number of treasury shares held after the resale or transfer | 1,222,600 |
| Adjusted issued capital after cancellation (no. of shares) (units) | 452,739,831 |
Immediate Announcement of Changes in Treasury Shares
Monday, April 26th, 2021| Date of transaction | 26 Apr 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Type of changes | Resale |
| Total number of treasury shares changed (units) | 382,000 |
| Minimum price paid for each share sold ($$) | 0.635 |
| Maximum price paid for each share sold ($$) | 0.670 |
| Total consideration received ($$) | 245560.97 |
| Total number of treasury shares held after the resale or transfer | 1,528,600 |
| Adjusted issued capital after cancellation (no. of shares) (units) | 452,739,831 |
Immediate Announcement of Changes in Treasury Shares
Friday, April 23rd, 2021| Date of transaction | 23 Apr 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Type of changes | Resale |
| Total number of treasury shares changed (units) | 100,000 |
| Minimum price paid for each share sold ($$) | 0.635 |
| Maximum price paid for each share sold ($$) | 0.635 |
| Total consideration received ($$) | 63013.09 |
| Total number of treasury shares held after the resale or transfer | 1,910,600 |
| Adjusted issued capital after cancellation (no. of shares) (units) | 452,739,831 |
Notice of Sale or Cancellation of Treasury Shares
Friday, April 23rd, 2021| Date of shares sold from | 09 Apr 2021 to 12 Apr 2021 |
| Currency | Malaysian Ringgit (MYR) |
| Number of treasury shares sold/transferred/distributed (units) | 350,000 |
| The minimum price at which the treasury shares were sold ($$) | 0.636 |
| The maximum price at which the treasury shares were sold ($$) | 0.650 |
| Total consideration received for the treasury shares sold ($$) | 222,697.77 |
| The name of the Stock Exchange through which the treasury shares were sold | BURSA MALAYSIA SECURITIES BERHAD |
| Total number of shares still in treasury (units) | 2,010,600 |
| Number of treasury shares cancelled (units) | 0 |
| Total issued capital as diminished | 0 |
| Date of Notice | 23 Apr 2021 |
| Date lodged with registrar of companies | 23 Apr 2021 |
| Lodged by | BOARDROOM CORPORATE SERVICES SDN BHD |
Change in the Interest of Substantial Shareholder
Wednesday, April 14th, 2021Particulars of substantial Securities Holder
| Name | DATO’ SRI TAI HEAN LENG @ TEK HEAN LENG |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary Shares |
Details of changes
| No | Date of change | No of securities | Type of Transaction | Nature of Interest |
| 1 | 12 Apr 2021 | 950,000 | Acquired | Direct Interest |
| Name of registered holder | DATO’ SRI TAI HEAN LENG @ TEK HEAN LENG | |||
| Description of “Others” Type of Transaction |
| Circumstances by reason of which change has occurred | Acquisition of shares via Direct Business Transaction. |
| Nature of interest | Direct Interest |
| Direct (units) | 950,000 |
| Direct (%) | 0.211 |
| Indirect/deemed interest (units) | 140,692,616 |
| Indirect/deemed interest (%) | 31.214 |
| Total no of securities after change | 141,642,616 |
| Date of notice | 14 Apr 2021 |
| Date notice received by Listed Issuer | 14 Apr 2021 |
| Remarks : |
| The indirect interest is registered in the name of TYY Resources Sdn. Bhd. Deemed interest pursuant to Section 8(4) of the Companies Act 2016 by virtue of his interest in TYY Resources Sdn. Bhd. The percentage of direct and indirect interest are based on the total amount of issued shares excluding 2,010,600 shares bought back by the Company and retained as treasury shares. |
Changes in Director’s Interest
Wednesday, April 14th, 2021Particulars of Director
| Name | DATO’ SRI TAI HEAN LENG @ TEK HEAN LENG |
| Descriptions(Class) | Ordinary Shares |
Details of changes
| No | Date of change | No of securities | Type of transaction | Nature of Interest |
| 1 | 12/04/2021 | 950,000 | Acquired | Direct Interest |
| Name of registered holder | DATO’ SRI TAI HEAN LENG @ TEK HEAN LENG | |||
| Description of “Others” Type of Transaction | ||||
| Consideration (if any) | 0.59 |
| Circumstances by reason of which change has occurred | Acquisition of shares via Direct Business Transaction. |
| Nature of interest | Direct Interest |
| Total no of securities after change | |
| Direct (units) | 950,000 |
| Direct (%) | 0.211 |
| Indirect/deemed interest (units) | 140,692,616 |
| Indirect/deemed interest (%) | 31.214 |
| Date of notice | 14/04/2021 |
| Date notice received by Listed Issuer | 14/04/2021 |
| Remarks : |
| The indirect interest is registered in the name of TYY Resources Sdn. Bhd. Deemed interest pursuant to Section 8(4) of the Companies Act 2016 by virtue of his interest in TYY Resources Sdn. Bhd. The percentage of direct and indirect interest are based on the total amount of issued shares excluding 2,010,600 shares bought back by the Company and retained as treasury shares. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. |
