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) Berhad (“the Company”) is pleased to announce that all the resolutions set out in the Notice of Forty-Eighth Annual General Meeting (“48th AGM”) of the Company dated 16 June 2020 were duly passed by the shareholders at the 48th 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 16 July 2020.
Voting Results
1. Ordinary Resolution 1
Description
To approve the Directors’ fees up to an aggregate amount of RM159,600.00 for the financial year ending 31 December 2020 and benefit payable to the Directors up to an aggregate amount of RM384,470.00 from 16 July 2020 until the next AGM of the Company and the payment thereof.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
84
17
No. of Shares
19,824,556
17,836
% of Voted Shares
99.9101
0.0899
Result
Accepted
2. Ordinary Resolution 2
Description
To re-elect Dato’ Ikhwan Salim Bin Dato’ Haji Sujak who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
88
15
No. of Shares
169,943,171
15,142
% of Voted Shares
99.9911
0.0089
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Encik Muhammad Hanizam Bin Hj. Borhan who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
87
15
No. of Shares
169,922,171
15,142
% of Voted Shares
99.9911
0.0089
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Mr Lau Yoke Leong who is retiring pursuant to Clause 96 of the Constitution of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
89
12
No. of Shares
169,897,998
15,090
% of Voted Shares
99.9911
0.0089
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
90
11
No. of Shares
169,898,878
14,210
% of Voted Shares
99.9916
0.0084
Result
Accepted
6. Ordinary Resolution 6
Description
Authority for Mr Ng Wah Lok to continue in office as Senior Independent Non-Executive Director.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
87
14
No. of Shares
169,898,446
14,642
% of Voted Shares
99.9914
0.0086
Result
Accepted
7. Ordinary Resolution 7
Description
Authority for Encik Muhammad Hanizam Bin Hj. Borhan to continue in office as Independent Non-Executive Director.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
83
14
No. of Shares
169,870,016
14,966
% of Voted Shares
99.9912
0.0088
Result
Accepted
8. Ordinary Resolution 8
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
82
13
No. of Shares
169,885,085
14,494
% of Voted Shares
99.9915
0.0085
Result
Accepted
9. Special Resolution
Description
Proposed Renewal of Authority under Sections 75 and 76 of the Companies Act 2016 and the Constitution of the Company for the Directors to allot and issue shares.
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-Eighth (“48th”) Annual General Meeting (“AGM”) of the Company.
A Statement to Shareholders containing details in relation to the Proposed Renewal of Share Buy Back will be issued and despatched to shareholders of the Company in due course.
The name of the stock exchange through which the shares were purchased
Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)
685,600
Total number of shares retained in treasury (units)
2,360,600
Number of shares purchased which were cancelled (units)
0
Total issued capital as diminished
0
Date of Notice
26 Mar 2020
Date lodged with registrar of companies
15 May 2020
Lodged by
BOARDROOM CORPORATE SERVICES SDN BHD
Remarks :
The late submission of the Notice of Shares Buy-Back by a Company pursuant to Section 127(16) of the Companies Act 2016 to the Companies Commission of Malaysia and announcement made was due to the Movement Restriction Order implemented by the Government.
The Company would like to announce that following the Movement Control Order (“MCO“) imposed by the Government of Malaysia effective from 18 March 2020 to 12 May 2020 under the provision of the Prevention and Control of Infectious Diseases Act 1988 and the Police Act 1967 to curb the spread of the coronavirus (“Covid-19“) infection in the country and the announcement by Bursa Malaysia Securities Berhad (“Bursa Securities”) on the extension of time up till 30 June 2020 for the issuance of annual reports which are due by 30 April 2020 and 31 May 2020, the Company will utilise this extension of time granted by Bursa Securities and will ensure that its Annual Report is issued latest by 30 June 2020.
The Company would be submitting the application for extension of time to hold its Annual General Meeting (“AGM”) up to 28 September 2020 with the Companies Commission of Malaysia pursuant to Section 340(4) of the Companies Act 2016.
The Board will determine and announce the appropriate date to hold the Forty Eighth AGM (“48th AGM”) of the Company and the issuance of the Annual Report and Notice of the 48th AGM together with the Circular/Statement to Shareholders, if any, in due course.
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.
