General Announcement::PROPOSED ACQUISITION

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
04-Jul-2022 18:19:00
Status
New
Announcement Sub Title
PROPOSED ACQUISITION
Announcement Reference
SG220704OTHRSTTT
Submitted By (Co./ Ind. Name)
WONG YOUN KIM
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
We refer to the announcement dated 3 June 2022 in relation to the Proposed Acquisition ("Announcement"). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of MSC, Kenanga IB wishes to announce that the Acquisition has been completed today in accordance with the SPA following the issuance and allotment of 272,250 Consideration Shares to TISB.

Accordingly:

(i) ABSB becomes a wholly-owned subsidiary of RHT and forms part of the MSC Group; and

(ii) RHT ceased to be a wholly-owned subsidiary of the Company and becomes a 80% owned subsidiary of the Company.

This announcement is dated 4 July 2022.