General Announcement::PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN THE COMPANY

Issuer & Securities

Issuer/ Manager
MALAYSIA SMELTING CORP BHD 100
Securities
MALAYSIA SMELTING CORP BHD - MYL5916OO001 - NPW
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-Jul-2021 19:45:37
Status
New
Announcement Sub Title
PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN THE COMPANY
Announcement Reference
SG210719OTHRK70J
Submitted By (Co./ Ind. Name)
WONG YOUN KIM
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
MALAYSIA SMELTING CORPORATION BERHAD ("MSC" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MSC ("MSC SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 5% OF THE TOTAL NUMBER OF ISSUED MSC SHARES (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")

We refer to the announcements dated 15 July 2021 in relation to the Proposed Private Placement ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 19 July 2021, approved the listing of and quotation for up to 20,000,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i) MSC and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Private Placement;

(ii) MSC and TA Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(iii) MSC and TA Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed.

This announcement is dated 19 July 2021.