Forum : Stock: [EVD]: EVD BERHAD

Finally Bursa has approved the regularisation plan and RTO by EVD today. ID is no longer a GN3 Company. Going forward the sky is the limit. Please read the Bursa announcement today. Many, many Goodies are on the way.

klugman

600 posts

Posted by klugman > 2021-09-11 10:09 | Report Abuse

2 limit up

pazzoll

240 posts

Posted by pazzoll > 2021-09-11 11:21 | Report Abuse

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

IDIMENSION CONSOLIDATED BHD
TypeAnnouncementSubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLANDescriptionIDIMENSION CONSOLIDATED BHD ("ICB" OR "COMPANY") PROPOSED REGULARISATION PLAN

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the announcements dated 19 December 2019, 5 March 2020, 20 May 2020 and 30 March 2021 in relation to the Proposed Regularisation Plan.)

We refer to the Company’s announcement dated 19 December 2019 and its subsequent announcements in relation to the Proposed Regularisation Plan.

On behalf of the Board, KAF IB wishes to announce that Bursa Securities had, vide its letter dated 10 September 2021, resolved to approve the Proposed Regularisation Plan.

Kindly refer to the attached document for the details of the Bursa Securities' approval.

This announcement is dated 10 September 2021.

Please refer attachment below.

pazzoll

240 posts

Posted by pazzoll > 2021-09-11 11:24 | Report Abuse

IDIMENSION CONSOLIDATED BHD (“ICB” OR “COMPANY”)
PROPOSED REGULARISATION PLAN
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the announcements dated
19 December 2019, 5 March 2020, 20 May 2020 and 30 March 2021 in relation to the Proposed Regularisation Plan)
We refer to the Company’s announcement dated 19 December 2019 and its subsequent announcements in relation to
the Proposed Regularisation Plan.
On behalf of the Board, KAF IB wishes to announce that Bursa Securities had, vide its letter dated 10 September
2021, resolved to approve the following:-
(i) Proposed Consolidation, which entails the consolidation of every ten (10) existing ordinary shares of ICB
into one (1) ordinary share in ICB (“ICB Share”);
(ii) Proposed Private Placement, which entails the issuance of 16,317,000 new ICB Shares, representing
approximately 60.0% of the total number of ICB Shares in issue after Proposed Consolidation, to Yew Ah
Chai, Too Tian Jen, Yau Ming Teck, Teoh Teng Guan and David Tan Chao Hsiung (collectively referred to
as the “Placement Investors”) at the issue price of RM0.10 per Placement Share;
(iii) Proposed Rights Issue, which is to be undertaken on a renounceable basis, which entails the issuance of the
following:-
(a) 87,026,436 Rights Shares, at the issue price of RM0.10 per Right Share, on the basis of two (2) Rights
Shares for every one (1) ICB Share, together with 87,026,436 free ICB Warrants on the basis of one
(1) ICB Warrant for every one (1) Rights Share subscribed for; and
(b) 174,052,872 ICB RCPS on the basis of four (4) ICB RCPS for every one (1) ICB Share at the
proposed issue price of RM0.025 per ICB RCPS;
(iv) Proposed EVE Acquisition, which entails the proposed acquisition of the entire 5,000,000 ordinary shares in
EVE, representing 100% of the issued share capital of EVE by EVD from EV-Dynamic, for a purchase
consideration of RM108.0 million, which shall be satisfied through a combination of:-
(a) RM37.8 million through the issuance of 252,000,000 EVD Shares at a proposed issue price of
RM0.15 per EVD Share;
(b) RM58.2 million through the issuance of 2,328,000,000 EVD RCPS at a proposed issue price of
RM0.025 per EVD RCPS; and
(c) the remaining RM12.0 million in cash,
together with EV-Dynamic’s business (consisting the entire ICT system solutions business of the EVDynamic
Group currently undertaken by EV-Dynamic, EVE and EGPL) shall be streamlined to EVE;
(v) Proposed EV-Dynamic Acquisition, which entails the proposed acquisition of the entire 10,000,000 ordinary
shares in EV-Dynamic, representing 100% of the issued share capital of EV-Dynamic by EVD from Mah
Seong Huak and Ir. Gan Wee Peng, for a purchase consideration of RM1.00 in cash;
(vi) Proposed Securities Exchange, which entails the exchange of all ICB Shares, ICB RCPS and ICB Warrants
by way of scheme of arrangement under Section 366 of the Act on the following basis:-
(a) one (1) ICB Share for every one (1) EVD Share;
(b) one (1) ICB Warrant for every one (1) EVD Warrant; and
(c) one (1) ICB RCPS for every one (1) EVD RCPS;

pazzoll

240 posts

Posted by pazzoll > 2021-09-11 11:25 | Report Abuse

(vii) Proposed Exemption from the SC for Mah Seong Huak and Ir. Gan Wee Peng and the persons acting in
concert from the obligation to undertake the mandatory take-over offer to acquire all the remaining
EVD Shares, EVD Warrants and EVD RCPS not already held by them after the Proposed Securities
Exchange;
(viii) Proposed Amendments, which entails the consequential amendments to the Constitution of ICB to
facilitate the issuance of the ICB RCPS pursuant to the Proposed Rights Issue;
(ix) Proposed ESOS, which entails the establishment and implementation of an ESOS involving the issuance
of new EVD Shares representing up to fifteen percent (15%) of the total number of issued shares of
EVD, at any point in time during the duration of the ESOS, for the eligible Directors and employees of
the EVD Group;
(x) Proposed MBO, which entails the proposed disposal by ICB of its entire equity interests in IMSB,
ISSB, IMPL, IASB and IDB to Daniel for a total cash consideration of RM11,957,000; and
(xi) Proposed Transfer, which entails the assumption of the listing status of ICB by EVD and the admission
of EVD to Bursa Securities in place of ICB, with the listing of and quotation for the entire EVD Shares,
EVD RCPS and EVD Warrants on the ACE Market of Bursa Securities.
Bursa Securities has also resolved to approve the following:-
(i) The issuance and allotment for:-
(a) 103,343,436 ICB Shares to be issued as follows:-
• 16,317,000 Placement Shares to be issued pursuant to the Proposed Private Placement;
and
• 87,026,436 Rights Shares to be issued pursuant to the Proposed Rights Issue;
(b) 174,052,872 ICB RCPS and 87,026,436 ICB Warrants to be issued pursuant to the Proposed
Rights Issue;
(ii) The delisting of ICB and the admission of EVD to the Official List of Bursa Securities pursuant to the
Proposed Securities Exchange and Proposed Transfer; and
(iii) The listing of and quotation for:-
(a) 382,539,656 EVD Shares, 87,026,436 EVD Warrants and 2,502,052,872 EVD RCPS to be issued
pursuant to the Proposed Securities Exchange;
(b) up to 2,502,052,872 new EVD Shares to be issued pursuant to the conversion of EVD RCPS;
(c) up to 87,026,436 new EVD Shares to be issued pursuant to the exercise of EVD Warrants; and
(d) such number of new EVD Shares, representing up to 15% of the total number of issued shares of EVD
to be issued upon exercise of the ESOS Options pursuant to the Proposed ESOS,
on the ACE Market of Bursa Securities.

pazzoll

240 posts

Posted by pazzoll > 2021-09-11 11:26 | Report Abuse

e approval granted by Bursa Securities for the Proposed Regularisation Plan is subject to the following
conditions:-
(i) ICB and KAF IB to submit the following information with respect to the moratorium on the
shareholdings of the Placement Investors, Mah Seong Huak, Ir. Gan Wee Peng, GWP Ventures Sdn
Bhd and Vistacove Sdn Bhd to Bursa Malaysia Depository Sdn Bhd:-
(a) Name of shareholders;
(b) Number of shares; and
(c) Date of expiry of the moratorium for each block of shares.
(ii) ICB and KAF IB to confirm all approvals of relevant authorities have been obtained for the
implementation of the Proposed Regularisation Plan and furnish a copy of all letters of approvals from
the relevant authorities;
(iii) ICB and KAF IB to furnish Bursa Securities with a certified true copy of the resolution passed by the
shareholders at the general meeting for the Proposed Regularisation Plan;
(iv) ICB and KAF IB to ensure that all directors and proposed directors of EVD who have not attended the
Mandatory Accreditation Programme pursuant to Rule 15.08 and Guidance Note 10 of the of the Listing
Requirements to do so prior to the admission of EVD to the Official List of Bursa Securities;
(v) EVD and KAF IB to submit a confirmation to Bursa Securities of full compliance of the Proposed
ESOS pursuant to Rule 6.43 of the Listing Requirements and stating the effective date of
implementation of the Proposed ESOS;
(vi) EVD and KAF IB to furnish Bursa Securities with a copy of the public shareholding spread pursuant to
Appendix 8E of the Listing Requirements based on the entire issued share capital of EVD upon the
completion of the Proposed Regularisation Plan;
(vii) ICB and KAF IB must fully comply with the relevant provisions under the Listing Requirements
pertaining to the implementation of the Proposed Regularisation Plan; and
(viii) ICB and KAF IB to inform Bursa Securities upon the completion of the Proposed Regularisation Plan
and furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions
of Bursa Securities' approval.
ICB and EVD are required to ensure full compliance of all requirements as provided under the Listing
Requirements at all times.
This announcement is dated 10 September 2021.

Michael Kwok

6,255 posts

Posted by Michael Kwok > 2021-09-12 18:12 | Report Abuse

Im going to right.Maf1964 going to wrong.Maybe 20 cents going to reach before mid october 2021.Call buy 8 cents and below before.

Posted by Michael Kwok > Oct 1, 2020 9:41 PM | Report Abuse X

Me 20 over years in investment ur friend Muniandy must be from somewhere.

Michael Kwok
4148 posts
Posted by Michael Kwok > Oct 1, 2020 9:56 PM | Report Abuse X

Please.I dun ask u to buy at 12 cents above.Only 8-10 cents.Wht dun believe my kind.Dear,please dun behave like the LGE and LKS(the father) quite twisting the facts(from country bankcrupt) to (given 20 percent oil royalty to Sabah and Sarawak, but country bankcrupt,so no need to pay)

Posted by maf1964 > Sep 30, 2020 6:05 PM | Report Abuse

michael are you one of the operators running dog. in aug u saing TP is 20sen. U shud chang yr nmae fr kwok to kok becau it looks like u talk kok. luckily my fren muniandy says nevr trust your kind so i dont buy when it at 12,5 sen. otherwise i lose by abt half.

Muniandy is correct. we just can trust some kind of people...especially your type

Michael Kwok

6,255 posts

Posted by Michael Kwok > 2021-09-12 18:15 | Report Abuse

My statement before.

Posted by Michael Kwok > Oct 2, 2020 11:04 AM | Report Abuse X

Getting out of regulation plan usually will jump.I put rm 10k at 8 cents previously.

Michael Kwok
4148 posts
Posted by Michael Kwok > Oct 2, 2020 8:24 PM | Report Abuse X

No need to worry.Will see who is right....

Michael Kwok

6,255 posts

Posted by Michael Kwok > 2021-09-12 18:20 | Report Abuse

People can see my intention to help from loss to profit.The only one whowrite so many recommendation.Others write little to help herem

BursaRangers

324 posts

Posted by BursaRangers > 2021-09-12 19:49 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-09-12-story-h1571499886-BursaRangers_Daily_Technical_Picks_13_September_2021.jsp

Michael Kwok

6,255 posts

Posted by Michael Kwok > 2021-09-12 22:33 | Report Abuse

Even The blogger below also made coverage like me.But just wait for 4 days(trading days) correction and then let see about it.
Michael Kwok
4151 posts
Posted by Michael Kwok > Sep 12, 2021 6:20 PM | Report Abuse X

People can see my intention to help from loss to profit.The only one whowrite so many recommendation.Others write little to help herem

BursaRangers
78 posts
Posted by BursaRangers > Sep 12, 2021 7:49 PM | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-09-1...

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