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Multiple Proposals

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Type Announcement
Subject MULTIPLE PROPOSALS
Description

HSS ENGINEERS BERHAD ("HEB" OR "COMPANY") (i) ACQUISITION; (ii) PLACEMENT; AND (iii) RIGHTS WITH BONUS ISSUE AND WARRANTS (COLLECTIVELY REFERRED TO AS "PROPOSALS")

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Company’s circular to shareholders dated 16 January 2018 in relation to the Proposals)

We refer to the Company’s announcements dated 27 October 2017, 22 November 2017, 11 January 2018, 21 February 2018, 7 March 2018, 8 March 2018, 21 March 2018 and 27 March 2018 in relation to the Proposals.

On behalf of the Board, Maybank IB wishes to announce that the Acquisition has been completed on 28 March 2018 following the delivery by the Vendors to the Company of the share certificates in respect of the Sale Shares, along with all other documents for the purposes of the transfer and registration of the Sale Shares in favour of HEB, in exchange for the Purchase Consideration satisfied via the issuance and allotment of the Consideration Shares to the Vendors on 27 March 2018 and the payment of the upfront Cash Consideration of RM153.0 million by HEB to the Vendors on 28 March 2018.

As the Placement and Rights with Bonus Issue and Warrants were completed on 8 March 2018 and 21 March 2018 respectively, the Proposals have been completed following the completion of the Acquisition.

This announcement is dated 28 March 2018.





Announcement Info

Company Name HSS ENGINEERS BERHAD
Stock Name HSSEB
Date Announced 28 Mar 2018
Category General Announcement for PLC
Reference Number GA1-28032018-00108
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