SANICHI

0.070

(%)

MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") (I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED SHARE CAPITAL REDUCTION; AND (III) PROPOSED VARIATION (COLLECTIVELY, THE "PROPOSALS")

SANICHI TECHNOLOGY BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY")

(I)	PROPOSED SHARE CONSOLIDATION;
(II)	PROPOSED SHARE CAPITAL REDUCTION; AND 
(III)	PROPOSED VARIATION

(COLLECTIVELY, THE "PROPOSALS")
 
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 4 October 2024 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)


Reference is made to the earlier announcement dated 4 October 2024.


On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 22 October 2024, approved the Proposed Share Consolidation.


The approval granted by Bursa Securities for the Proposed Share Consolidation is subject to the following conditions:


(i)         Sanichi to furnish Bursa Securities with a certified true copy of the resolution passed by Shareholders at the EGM for the Proposed Share Consolidation; and


(ii)         Sanichi and TA Securities to make the relevant announcements pursuant to Rule 13.20(2) of the Listing Requirements.


This announcement is dated 22 October 2024.



Announcement Info

Company Name SANICHI TECHNOLOGY BERHAD
Stock Name SANICHI
Date Announced 22 Oct 2024
Category General Announcement for PLC
Reference Number GA1-22102024-00043


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