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BackApr 10, 2018
Type Announcement
Subject OTHERS
Description

BONIA CORPORATION BERHAD ("BONIA" OR THE "COMPANY") (I) PROPOSED DEMERGER; AND (II) PROPOSED LISTING (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the announcements made on 7 February 2018 and 15 March 2018 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the Board, after having considered its intention to expediate the implementation of the Proposals, has decided to revise Section 9 (Inter-conditionality of the Proposed Demerger and Proposed Listing) of the announcement dated 15 March 2018 as follows:

(i) The Proposed Dividend-in-Specie is conditional upon the Proposed Exemption.

(ii) The Proposed Listing is conditional upon the Proposed Demerger.

(iii) The implementation of the Proposed Demerger is conditional upon approval from Bonia’s shareholders for the Proposed Listing. However, the Proposed Dividend-in-Specie will only be implemented after approval-in-principle being obtained from Bursa Securities for the Proposed Listing.

(iv) The Proposed Dividend-in-Specie is conditional upon the Proposed Dividend by CRG’s Subsidiaries, the Proposed Dividend by CRG and the Proposed Dividend by CB Marketing.

(v) The Proposed Demerger and Proposed Listing are not conditional upon any other corporate proposals of the Company.

Save for the above, all other terms of the Proposals as set out in the announcement dated 15 March 2018 remain unchanged.

This announcement is dated 10 April 2018.





Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 10 Apr 2018
Category General Announcement for PLC
Reference Number GA1-09042018-00026

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