Reference is made to the Company's earlier announcements dated 19 February 2024, 11 October 2024, 21 October 2024, 30 October 2024, 6 January 2025, 24 January 2025 and 3 February 2025, and the circular to shareholders dated 27 May 2024 in relation to the Proposals ("Circular"). Unless otherwise stated, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Circular.
On behalf of the Board, Malacca Securities and SCS Global wish to announce that Bursa Securities had, vide its letter dated 17 February 2025, approved the application for the Proposed Withdrawal.
In this regard, Malacca Securities is required to furnish Bursa Securities with a letter, confirming the following:
that the requirements of Rule 8.06(1) of the LEAP LR have been complied with or waived by Bursa Securities, as the case may be;
that all conditions, including conditions imposed by the relevant authorities which are required to be met prior to the delisting have been met; and
that there are no circumstances or facts which have the effect of preventing or prohibiting the delisting including any order, injunction or any other directive issued by any court of law.
Further, ICT Zone Asia is required to announce, 5 clear market days before the effective date of suspension, the following:
The trading in ICT Zone Asia Shares on the LEAP Market will be suspended one day before the date of allotment of the new ICT Zone Asia Shares to be issued pursuant to the proposed listing on the ACE Market ("Proposed Listing") until the completion of the Proposed Listing; and
The effective date of suspension.
This announcement is dated 17 February 2025.