Bursa Announcements
News
Multiple Proposals
Mar 15, 2019
Type
Announcement
Subject
MULTIPLE PROPOSALS
Description
GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE OF WARRANTS; AND (II) PROPOSED DIVIDEND REINVESTMENT PLAN. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the Company’s announcements dated 14 December 2018, 15 February 2019 and 28 February 2019 in relation to the Proposals and the Company's announcement dated 25 February 2019 in relation to the press statement issued by the Prime Minister's Office dated 23 February 2019 on the Proposed Acquisition of Tolled Highways.
In view that the Proposed Acquisition of Tolled Highways by the Government of Malaysia is expected to result in a cash injection into the Gamuda Group, the Board of Directors of Gamuda would need time to, among others, re-evaluate the cash flow requirements of the Gamuda Group moving forward in a holistic manner.
As such, on behalf of the Board of Directors of Gamuda, RHB Investment Bank Berhad wishes to announce that the Company had on 15 March 2019 submitted an application to Bursa Securities to seek for an extension of time of up to six (6) months for the issuance of the circular to the shareholders of Gamuda in relation to the Proposals to comply with Paragraph 9.33(1)(b) of the Main Market Listing Requirements of Bursa Securities.
This announcement is dated 15 March 2019.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
15 Mar 2019
Category
General Announcement for PLC
Reference Number
GA1-13032019-00073
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description |
GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE OF WARRANTS; AND (II) PROPOSED DIVIDEND REINVESTMENT PLAN. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
We refer to the Company’s announcements dated 14 December 2018, 15 February 2019 and 28 February 2019 in relation to the Proposals and the Company's announcement dated 25 February 2019 in relation to the press statement issued by the Prime Minister's Office dated 23 February 2019 on the Proposed Acquisition of Tolled Highways. In view that the Proposed Acquisition of Tolled Highways by the Government of Malaysia is expected to result in a cash injection into the Gamuda Group, the Board of Directors of Gamuda would need time to, among others, re-evaluate the cash flow requirements of the Gamuda Group moving forward in a holistic manner. As such, on behalf of the Board of Directors of Gamuda, RHB Investment Bank Berhad wishes to announce that the Company had on 15 March 2019 submitted an application to Bursa Securities to seek for an extension of time of up to six (6) months for the issuance of the circular to the shareholders of Gamuda in relation to the Proposals to comply with Paragraph 9.33(1)(b) of the Main Market Listing Requirements of Bursa Securities. This announcement is dated 15 March 2019. |
|
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 15 Mar 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13032019-00073 |