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.
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”)
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..
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”)
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.
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.
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.
Following 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.
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.
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.
Unless 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.
Unless 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.
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.
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.
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.
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.
The Board of Directors of Masteel wishes to announce that the Company proposes to seek shareholders’ approval for the proposed renewal of authority for the Company to purchase its own ordinary shares (“Proposed Renewal of Share Buy Back”) at the forthcoming Forty-Ninth (“49th”) Annual General Meeting (“AGM”) of the Company.
A Statement to Shareholders containing details in relation to the Proposed Renewal of Share Buy Back and the Annual Report of the Company for the financial year ended 31 December 2020 will be available in due course.
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)
140,692,616
Indirect/deemed interest (%)
31.239
Total no of securities after change
140,692,616
Date of notice
24 Mar 2021
Date notice received by Listed Issuer
26 Mar 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 amount of issued shares excluding 2,360,600 shares bought back by the Company and retained as treasury shares.
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 the Extraordinary General Meeting (“EGM”) of the Company dated 8 February 2021 were duly passed by the shareholders at the EGM 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 March 2021.
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)
140,692,616
Indirect/deemed interest (%)
31.239
Date of notice
23/03/2021
Date notice received by Listed Issuer
23/03/2021
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 indirect interest is based on the total amount of issued shares excluding 2,360,600 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.
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)
140,692,616
Indirect/deemed interest (%)
31.239
Total no of securities after change
Date of notice
23 Mar 2021
Date notice received by Listed Issuer
23 Mar 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 indirect interest is based on the total amount of issued shares excluding 2,360,600 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
Direct Interest
Direct (units)
140,692,616
Direct (%)
31.239
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change
Date of notice
23 Mar 2021
Date notice received by Listed Issuer
23 Mar 2021
Remarks :
The percentage of direct interest is based on the total amount of issued shares excluding 2,360,600 shares bought back by the Company and retained as treasury shares.
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)
151,188,081
Indirect/deemed interest (%)
33.569
Total no of securities after change
Date of notice
23 Mar 2021
Date notice received by Listed Issuer
23 Mar 2021
Remarks :
After the change, the indirect interest are registered as follows:- (i) TYY Resources Sdn. Bhd. (140,692,616 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 2,360,600 shares bought back by the Company and retained as treasury shares.
The Board of Directors of Masteel wishes to announce that the Company proposes to obtain shareholders’ approval for the proposed amendments to the existing Constitution of the Company (“Proposed Amendments”) at the forthcoming Extraordinary General Meeting to be convened on a date to be announced later.
The purpose of the Proposed Amendments is to enhance administrative efficiency and provide clarity to the Company’s Constitution.
A circular to the shareholders containing details in relation to the Proposed Amendments will be circulated to shareholders in due course.
On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 15 January 2021, resolved to approve the following: (a) admission to the Official List and listing of up to 226,369,915 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants; (b) listing of up to 226,369,915 new Masteel shares to be issued pursuant to the Proposed Rights Issue with Warrants; and (c) listing of up to 226,339,915 new Masteel shares to be issued pursuant to the exercise of Warrants. The approval granted by Bursa Securities for the Proposed Rights Issue with Warrants is subject to the following conditions: (i) Masteel and M&A Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Main LR”) at all times pertaining to the implementation of the Proposed Rights Issue with Warrants; (ii) Masteel and M&A Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants; (iii) Masteel to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue with Warrants is completed; (iv) Masteel to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at EGM for the Proposed Rights Issue with Warrants; and (v) Masteel to furnish Bursa Securities on a quarterly basis, a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of the listing fees payable. Masteel is required to ensure full compliance of all the requirements as provided under the Main LR at all times. This announcement is dated 18 January 2021.
On behalf of the Board, M&A Securities wishes to announce that the listing application in relation to the Proposed Rights Issue with Warrants has been submitted to Bursa Securities.
We refer to the announcements dated 13 September 2019, 17 September 2019, 19 September 2019 and 5 March 2020 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 extension of time until 18 September 2020 previously granted by Bursa Securities to Masteel to complete the implementation of the Private Placement has lapsed today.
The Company has, to date, placed out and listed 25,500,000 Placement Shares to the Investor pursuant to the Private Placement and has resolved not to place out all remaining Placement Shares pursuant to the lapsing of the approval from Bursa Securities. Accordingly, the Private Placement is deemed completed today.
