Thanks @kabukiman for your clarification. At least I hv some idea what probably is going to be happen later.

PP mean not open for Public is it? Anyone can explain also how it can affected current shareholders?

Reference is made to the earlier announcements in relation to the Proposed Private Placement dated 14 April 2021 and 15 April 2021.



On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 21 April 2021, approved the listing and quotation of up to 167,157,000 Placement Shares to be issued pursuant to the Proposed Private Placement.



The approval by Bursa Securities for the above is subject to the following conditions:-



(i) Barakah and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;



(ii) Barakah and Mercury Securities are required to inform Bursa Securities upon completion of the Proposed Private Placement;



(iii) Barakah is required 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; and



(iv) Mercury Securities is required to furnish Bursa Securities with details of the placees in accordance with paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement.



This announcement is dated 21 April 2021.

so another round of extension on top of previous extension?

Reference is made to the announcement made by the Company on 19 May 2020 in relation to the High Court Order dated 19 May 2020 (“the Order”) pursuant to Section 366 and 368 of the Companies Act 2016.

The Board of Directors of Barakah wishes to announce that its wholly-owned subsidiary PBJV Group Sdn Bhd (“PBJV”) had today applied to the High Court of Malaya at Kuala Lumpur pursuant to Sections 366 and 368 of the Companies Act 2016 (“the Act”) and have been granted an extension of the Order for a further period of three (3) months. The extension of the Order shall commence from 18 August 2020.

The Order was applied for as part of proactive measure by PBJV to manage the debt levels of PBJV and its related companies (“Barakah Group”) and the Order allows the Barakah Group to negotiate terms with its lenders and creditors without having the threat of any proceedings and actions being brought against PBJV.

The restraining order is not envisaged to have any material financial and operational impact to the Barakah Group.


Further development on the above matter will be announced to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 17 August 2020.

@Jmz88, thanks and let wait for the good news.

@Mabel, any idea when probably the due date for Petronas to respond? or it's consider need to bring it to court for settlement?

@Mabel ..thanks a lot for your clarification .. meow2x..

Dato' Nik keep disposing units since 21/1. any reason behind?

@monetary high probably hv going to do with this news https://www.theedgemarkets.com/article/barakah-makes-another-claim-against-petronas-carigali

so stay tuned n piling more unit ;)

Well said @Mabel. Hv a nice weekend to all Barakah fighter.