Announcement Date | 18 Apr 2008 |
Type | Announcement |
Subject | THREE-A RESOURCES BERHAD ("TARB" OR THE "COMPANY") (A) PROPOSED BONUS ISSUE; (COLLECTIVELY KNOWN AS THE "PROPOSALS") |
Contents |
We refer to our announcements dated 13 March 2008, 31 March 2008 and 10 April 2008. On behalf of the Board of Directors of TARB, OSK Investment Bank Berhad wishes to announce that the Ministry of International Trade and Industry (“MITI”) had, vide its letter dated 11 April 2008 (received on 17 April 2008), approved the Proposals subject to the following conditions:- i. to obtain approval from the Securities Commission and comply with the Guidelines on the Acquisition of Interests, Mergers and Take-overs by Local and Foreign Interests; ii. the Company is required to increase its Bumiputera equity by 1.96%, the allocation of which is subject to the approval of MITI; and iii. the Company is required to inform MITI on the status of its equity structure six (6) months after the listing of the Company. |