b) Relief period to listed issuers with unsatisfactory financial conditions and inadequate level of operations between 1 July 2021 and 31 December 2021.
i. An 18-month relief period a listed issuer that trigger the suspended PN17 or GN3 criteria2 between 1 July 2021 and 31 December 2021. Such listed issuer will not be classified as a PN17/GN3 listed issuer during this period; and
ii. A 12-month relief period for a listed issuer who, between 1 July 2021 and 31 December 2021, announces that it has an insignificant business or operations3.
" M&A Securities Sdn Bhd has been appointed as the Principal Adviser for the regularisation plan pursuant to Paragraph 8.04(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad."
Reference is made to the Company’s announcements dated 30 August 2019 and 3 December 2019 wherein it was announced that SGB was classified as an affected listed issuer under Practice Note (“PN17”) of the Main Market Listing Requirements (“MMLR”) as it has triggered the prescribed criteria under Paragraph 2.1(a) and 2.1(e) of PN17.
Bursa Securities had on 26 March 2020 announced additional relief measures to alleviate the impact of COVID-19 on capital market players, among others, the extension of time for listed issuers to submit its regularisation plans for PN17 of the MMLR from 12 months to 24 months from the date the listed issuer first announce their PN17 classification (“First Announcement”), whose First Announcement was made between 2 January 2019 to 31 December 2020. As such, the Company has until 29 August 2021 to submit its regularisation plan to the regulatory authorities.
On behalf of the Board of SGB, M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company had on 16 August 2021 submitted an application to Bursa Securities for an extension of time of twelve (12) months i.e. up to 31 August 2022 to submit its regularisation plan to the relevant regulatory authorities.
Further announcement will be made to Bursa Securities with regards to the development of the regularisation plan in due course.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SCOMI ENERGY SERVICES BERHAD ("SESB" OR THE "COMPANY") PROPOSED DISPOSAL BY SCOMI MARINE SERVICES PTE LTD ("SMS"), A WHOLLY-OWNED SUBSIDIARY OF SESB OF 490,597,000 SHARES IN PT RIG TENDERS INDONESIA, TBK ("PTRT") REPRESENTING 80.54% EQUITY INTEREST IN PTRT FOR A CASH CONSIDERATION OF USD9.50 MILLION ("PROPOSED DISPOSAL")
The Board of Directors of BCM wishes to announce that the Company had on 18 March 2021 entered into a Subscription Agreement (“SA”) with Foodict Maker Sdn Bhd (“FMSB”) for the proposed subscription of 600,000 new ordinary shares at an issue price of RM3.80 per ordinary share, representing 60% equity interest in the enlarge issued and paid up share capital of FMSB (“Subscription Shares”) for a total cash consideration of RM2,280,000 or RM3.80 per share from its internal generated funds.
METRONIC GLOBAL BERHAD (“METRONIC” or “THE COMPANY”) LETTER OF INTENT AWARDED BY GENESPRINT LIMITED (“GENESPRINT”) TO METRONIC MEDICARE SDN BHD (“METRONIC MEDICARE”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY