2010-01-27: PROPOSED PRIVATE PLACEMENT OF UP TO 12,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN COCOALAND REPRESENTING UP TO 10% OF THE ISSUED AND PAID-UP CAPITAL OF COCOALAND (PROPOSED PRIVATE PLACEMENT)
We refer to the announcement dated 14 January 2010 in relation to the Proposed Private Placement.
On behalf of the Board of Directors of Cocoaland, TA Securities Holdings Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has vide its letter dated 26 January 2010 approved the listing and quotation of up to 12,000,000 new ordinary shares of RM0.50 each to be issued pursuant to the Proposed Private Placement subject to the following conditions:
1) Cocoaland and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Private Placement;
2) Cocoaland and its adviser to inform Bursa Securities upon the completion of the Proposed Private Placement; and
3) Cocoaland 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.
The new ordinary shares to be issued pursuant to the Proposed Private Placement will be listed and quoted as the existing securities of the same class, and quotation of the new ordinary shares will commence on the next market day after the following:-
(i) Submission of the share certificate together with a covering letter containing the summary of the corporate proposal to Bursa Depository Sdn Bhd (“Bursa Depository”) before 10 a.m. on the market day prior to the listing date;
(ii) Receipt of confirmation from Bursa Depository that the additional new shares are ready for crediting into the respective account holders; and
(iii) An announcement in accordance to paragraph 13.2 of PN28 is submitted via Bursa Link before 3 p.m. on the market day prior to the listing date.
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