|WILLOWGLEN MSC BERHAD|
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
WILLOWGLEN MSC BERHAD ("WILLOWGLEN" OR THE "COMPANY") PROPOSED BONUS ISSUE
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 19 March 2018 in relation to the Proposed Bonus Issue.)
We refer to the announcements dated 19 March 2018 and 20 March 2018.
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities has, vide its letter dated 27 March 2018, approved the listing and quotation of 248,000,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue.
The approval granted by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions:-
(i) Willowglen and Mercury Securities must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;
(ii) Willowglen and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
(iii) Willowglen to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and
(iv) Willowglen and Mercury Securities are required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a)&(b) and 6.35(4) of the Main Market Listing Requirements.
This announcement is dated 27 March 2018.