THREE-A RESOURCES BERHAD ("TARB" OR THE "COMPANY") (A) PROPOSED BONUS ISSUE; (B) PROPOSED TRANSFER; (C) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (D) PROPOSED AMENDMENTS. (COLLECTIVELY KNOWN AS THE "PROPOSALS")
THREE-A RESOURCES BERHAD
Information Compiled By KLSE
| Announcement Date |
06 May 2008 |
| Type |
Announcement |
| Subject |
THREE-A RESOURCES BERHAD ("TARB" OR THE "COMPANY")
(A) PROPOSED BONUS ISSUE;
(B) PROPOSED TRANSFER;
(C) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
(D) PROPOSED AMENDMENTS.
(COLLECTIVELY KNOWN AS THE "PROPOSALS")
|
| Contents |
We refer to the above-captioned, and the earlier announcements made on 13 March 2008 and 1 April 2008 in relation the Proposals.
|
On behalf of the Board of Directors of TARB (“Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce that the Securities Commission (“SC”) via their letter dated 5 May 2008 (which was received on 6 May 2008), has approved the Proposed Transfer subject to the following term and conditions:-
Term
The transfer of the listing status/ listing of and quotation for the entire enlarged issued and paid-up share capital of TARB from the MESDAQ Market to the Main Board of Bursa Malaysia Securities Berhad (“Bursa Securities”).
Conditions
(i) Approvals to be obtained from other relevant authorities, if any; and
(ii) OSK/TARB to inform the SC upon the completion of the Proposed Transfer.
In addition thereto, the SC, on behalf of Foreign Investment Committee, vide the same letter dated 5 May 2008, has also approved the Proposed Transfer pursuant to the Guideline on the Acquisition of Interests, Mergers and Take-overs by Local and Foreign Interests.
