New Issue Of Securities (Chapter 6 of Listing Requirements) : Other Issue Of Securities

We refer to the announcement made on 30 June 2022 and 29 August 2022 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board of Directors of REB, HLIB wishes to announce that Bursa Securities had vide its letter dated 19 October 2022 resolved to approve the listing and quotation of 1,032,544,282 new REB Shares to be issued pursuant to the Proposed Debt Settlement.

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

(i) REB and HLIB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

(ii) REB is required to furnish Bursa Securities with certified true copy of the resolution passed by the shareholders at the extraordinary general meeting approving the Proposals;

(iii) REB and HLIB are required to inform Bursa Securities upon completion of the Proposals;

(iv) REB is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the proposal is completed; and

(v) REB must comply with the public shareholding spread requirements pursuant to paragraph 8.02(1) of the Listing Requirements upon the listing and quotation of the new shares.

This announcement is dated 19 October 2022.

Announcement Info