MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that it had, on 27 February 2020, submitted an application to Bursa Securities to seek its approval for an extension of time of approximately 6 months for the Company to implement and complete the Private Placement. In relation thereto, Bursa Securities had, vide its letter dated 5 March 2020, resolved to grant Masteel an extension of time until 18 September 2020 to complete the implementation of the Private Placement. This announcement is dated 5 March 2020.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
950,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3530
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
452,739,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 239,942,515.000
Listing Date
14 Feb 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 12 February 2020 received a Subscription Notice from Macquarie Bank for the subscription of 950,000 Masteel Shares at a subscription price of RM0.353. This subscription price represents a discount of approximately 8.86% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 11 February 2020 of RM0.3873. This announcement is dated 12 February 2020.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
1,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
451,789,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 239,607,165.000
Listing Date
10 Feb 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 6 February 2020 received a Subscription Notice from Macquarie Bank for the subscription of 1,000,000 Masteel Shares at a subscription price of RM0.350. This subscription price represents a discount of approximately 8.33% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 5 February 2020 of RM0.3818. This announcement is dated 6 February 2020.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
500,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3600
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
450,789,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 239,257,165.000
Listing Date
06 Feb 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 4 February 2020 received a Subscription Notice from Macquarie Bank for the subscription of 500,000 Masteel Shares at a subscription price of RM0.360. This subscription price represents a discount of approximately 8.77% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 3 February 2020 of RM0.3946. This announcement is dated 4 February 2020.
Unit B-05-3, 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
2
17 Jan 2020
2,200,000
Acquired
Indirect Interest
Name of registered holder
TYY Resources Sdn Bhd
Address of registered holder
Unit B-05-3, 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
Circumstances by reason of which change has occurred
Acquisition of shares via Direct Business Transaction
Nature of interest
Indirect Interest
Direct (units)
0
Direct (%)
0
Indirect/deemed interest (units)
139,492,616
Indirect/deemed interest (%)
31.094
Total no of securities after change
139,492,616
Date of notice
22 Jan 2020
Date notice received by Listed Issuer
23 Jan 2020
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 amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
4,500,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.4030
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
450,289,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 239,077,165.000
Listing Date
22 Jan 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 20 January 2020 received a Subscription Notice from Macquarie Bank for the subscription of 4,500,000 Masteel Shares at a subscription price of RM0.403. This subscription price represents a discount of approximately 8.99% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 17 January 2020 of RM0.4428. This announcement is dated 20 January 2020.
Circumstances by reason of which change has occurred
Acquisition of shares via Direct Business Transaction.
Nature of interest
Indirect Interest
Total no of securities after change
Direct (units)
Direct (%)
Indirect/deemed interest (units)
139,492,616
Indirect/deemed interest (%)
31.409
Date of notice
20/01/2020
Date notice received by Listed Issuer
20/01/2020
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 indirect interest is based on the total amount of issued shares excluding 1,675,000 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.
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
Circumstances by reason of which change has occurred
Acquisition of shares via Direct Business Transaction.
Nature of interest
Indirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)
139,492,616
Indirect/deemed interest (%)
31.409
Total no of securities after change
Date of notice
20 Jan 2020
Date notice received by Listed Issuer
20 Jan 2020
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 indirect interest is based on the total amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
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
Circumstances by reason of which change has occurred
Acquisition of shares via Direct Business Transaction.
Nature of interest
Indirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)
149,988,081
Indirect/deemed interest (%)
33.772
Total no of securities after change
Date of notice
20 Jan 2020
Date notice received by Listed Issuer
20 Jan 2020
Remarks :
After the change, the indirect interest are registered as follows:-
(i) TYY Resources Sdn. Bhd. (139,492,616 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 amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
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
17 Jan 2020
2,200,000
Acquired
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
Circumstances by reason of which change has occurred
Acquisition of shares via Direct Business Transaction.
Nature of interest
Direct Interest
Direct (units)
139,492,616
Direct (%)
31.409
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change
Date of notice
20 Jan 2020
Date notice received by Listed Issuer
20 Jan 2020
Remarks :
The percentage of direct interest is based on the total amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
1,750,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.4090
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
445,789,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 237,263,665.000
Listing Date
16 Jan 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 14 January 2020 received a Subscription Notice from Macquarie Bank for the subscription of 1,750,000 Masteel Shares at a subscription price of RM0.409. This subscription price represents a discount of approximately 8.83% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 13 January 2020 of RM0.4486. This announcement is dated 14 January 2020.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
1,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.4130
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
444,039,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 236,547,915.000
Listing Date
15 Jan 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 13 January 2020 received a Subscription Notice from Macquarie Bank for the subscription of 1,000,000 Masteel Shares at a subscription price of RM0.413. This subscription price represents a discount of approximately 8.97% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 10 January 2020 of RM0.4537. This announcement is dated 13 January 2020.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
750,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.4350
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
443,039,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 236,134,915.000
Listing Date
09 Jan 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 7 January 2020 received a Subscription Notice from Macquarie Bank for the subscription of 750,000 Masteel Shares at a subscription price of RM0.435. This subscription price represents a discount of approximately 8.98% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 6 January 2020 of RM0.4779. This announcement is dated 7 January 2020.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
1,750,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.4310
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
442,289,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 235,808,665.000
Listing Date
07 Jan 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 3 January 2020 received a Subscription Notice from Macquarie Bank for the subscription of 1,750,000 Masteel Shares at a subscription price of RM0.431. This subscription price represents a discount of approximately 8.94% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 2 January 2020 of RM0.4733. This announcement is dated 3 January 2020.
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Indirect Interest
Total no of securities after change
Direct (units)
Direct (%)
Indirect/deemed interest (units)
137,292,616
Indirect/deemed interest (%)
31.284
Date of notice
03/01/2020
Date notice received by Listed Issuer
03/01/2020
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 indirect interest is based on the total amount of issued shares excluding 1,675,000 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.
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
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Indirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)
137,292,616
Indirect/deemed interest (%)
31.284
Total no of securities after change
Date of notice
03 Jan 2020
Date notice received by Listed Issuer
03 Jan 2020
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 indirect interest is based on the total amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
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
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Indirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)
147,788,081
Indirect/deemed interest (%)
33.675
Total no of securities after change
Date of notice
03 Jan 2020
Date notice received by Listed Issuer
03 Jan 2020
Remarks :
After the change, the indirect interest are registered as follows:-
(i) TYY Resources Sdn. Bhd. (137,292,616 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 amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
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
03 Jan 2020
2,200,000
Acquired
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
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Direct Interest
Direct (units)
137,292,616
Direct (%)
31.284
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change
137,292,616
Date of notice
03 Jan 2020
Date notice received by Listed Issuer
03 Jan 2020
Remarks :
The percentage of direct interest is based on the total amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
2,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3970
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
440,539,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 235,054,415.000
Listing Date
06 Jan 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 2 January 2020 received a Subscription Notice from Macquarie Bank for the subscription of 2,000,000 Masteel Shares at a subscription price of RM0.397. This subscription price represents a discount of approximately 8.78% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 31 December 2019 of RM0.4352. This announcement is dated 2 January 2020.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
2,500,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3800
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
438,539,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 234,260,415.000
Listing Date
03 Jan 2020
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR “THE COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 31 December 2019 received 2 Subscription Notices from Macquarie Bank for the subscription of 1,000,000 and 1,500,000 Masteel Shares respectively, at a subscription price of RM0.380. This subscription price represents a discount of approximately 8.92% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 30 December 2019 of RM0.4172. This announcement is dated 31 December 2019.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
650,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3740
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
436,039,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 233,310,415.000
Listing Date
31 Dec 2019
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 27 December 2019 received a Subscription Notice from Macquarie Bank for the subscription of 650,000 Masteel Shares at a subscription price of RM0.374. This subscription price represents a discount of approximately 8.85% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 26 December 2019 of RM0.4103.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
750,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3810
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
435,389,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 233,067,315.000
Listing Date
27 Dec 2019
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the Company had on 24 December 2019 received a Subscription Notice from Macquarie Bank for the subscription of 750,000 Masteel Shares at a subscription price of RM0.381. This subscription price represents a discount of approximately 8.76% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 23 December 2019 of RM0.4176.
Unit B-05-3, 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
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Indirect Interest
Direct (units)
0
Direct (%)
0
Indirect/deemed interest (units)
135,092,616
Indirect/deemed interest (%)
31.202
Total no of securities after change
135,092,616
Date of notice
20 Dec 2019
Date notice received by Listed Issuer
23 Dec 2019
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 amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
850,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3930
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
434,639,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 232,781,565.000
Listing Date
20 Dec 2019
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 18 December 2019 received a Subscription Notice from Macquarie Bank for the subscription of 850,000 Masteel Shares at a subscription price of RM0.393. This subscription price represents a discount of approximately 8.84% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 17 December 2019 of RM0.4311. This announcement is dated 18 December 2019.
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Indirect Interest
Total no of securities after change
Direct (units)
Direct (%)
Indirect/deemed interest (units)
135,092,616
Indirect/deemed interest (%)
31.263
Date of notice
17/12/2019
Date notice received by Listed Issuer
17/12/2019
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 indirect interest is based on the total amount of issued shares excluding 1,675,000 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.
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
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Indirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)
135,092,616
Indirect/deemed interest (%)
31.263
Total no of securities after change
Date of notice
17 Dec 2019
Date notice received by Listed Issuer
17 Dec 2019
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 indirect interest is based on the total amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
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
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Indirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)
145,588,081
Indirect/deemed interest (%)
33.692
Total no of securities after change
Date of notice
17 Dec 2019
Date notice received by Listed Issuer
17 Dec 2019
Remarks :
After the change, the indirect interest are registered as follows:-
(i) TYY Resources Sdn. Bhd. (135,092,616 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 amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
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
16 Dec 2019
2,100,000
Acquired
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
Circumstances by reason of which change has occurred
Acquisition of shares via Married Deal.
Nature of interest
Direct Interest
Direct (units)
135,092,616
Direct (%)
31.263
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change
Date of notice
17 Dec 2019
Date notice received by Listed Issuer
17 Dec 2019
Remarks :
The percentage of direct interest is based on the total amount of issued shares excluding 1,675,000 shares bought back by the Company and retained as treasury shares.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
1,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3910
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
433,789,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 232,447,515.000
Listing Date
18 Dec 2019
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 16 December 2019 received a Subscription Notice from Macquarie Bank for the subscription of 1,000,000 Masteel Shares at a subscription price of RM0.391. This subscription price represents a discount of approximately 8.82% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 13 December 2019 of RM0.4288. This announcement is dated 16 December 2019.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
2,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3580
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
432,789,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 232,056,515.000
Listing Date
12 Dec 2019
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares
We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the Company had on 10 December 2019 received two (2) Subscription Notices from Macquarie Bank for the subscription of 850,000 and 1,150,000 Masteel Shares respectively, at a subscription price of RM0.3580 each. This subscription price represents a discount of approximately 8.77% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 9 December 2019 of RM0.3924.
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Private Placement
Details of corporate proposal
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”)
No. of shares issued under this corporate proposal
750,000
Issue price per share ($$)
Malaysian Ringgit (MYR) 0.3500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units
430,789,831
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 231,340,515.000
Listing Date
11 Dec 2019
Remarks :
The issued share capital is inclusive of 1,675,000 treasury shares