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AYS Ventures Berhad Updates On New Issue Of Securities


Thursday, 20 Jun 2013 08:00pm EDT 

AYS Ventures Berhad updated on the proposed special Bumiputera issue of up to 54,345,380 new ordinary shares of MYR0.50 each in AYS to Bumiputera investors to be identified and/or approved by the ministry of international trade and industry. AYS, Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) announced that the Securities Commission Malaysia had, via its letter dated June 19 2013, approved the following: the Proposed Special Issue; and the extension of time of up to May 22, 2014 to comply with the Bumiputera Equity Condition, imposed on AYS pursuant to the SC’s approval dated December 23, 2011 on the Company’s restructuring scheme. In the event that the Special Issue Shares are not fully allocated to the Bumiputera investors within a year from the date of the application to MITI, AYS will be deemed to have complied with the Bumiputera Equity Condition. 

Company Quote

0.265
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19 Dec 2014