PRACTICE NOTE 16 / GUIDANCE NOTE 2 : REGULARISATION PLAN
| SCGM BHD |
| Type | Announcement |
| Subject | PRACTICE NOTE 16 / GUIDANCE NOTE 2 REGULARISATION PLAN |
| Description | SCGM BHD ("SCGM" OR THE "COMPANY")
(I) PROPOSED SPECIAL DIVIDEND;
(II) PROPOSED ACQUISITION;
(III) PROPOSED OFFER FOR SALE; AND
(IV) PROPOSED EXEMPTION
(COLLECTIVELY REFERRED TO AS THE "PROPOSED REGULARISATION PLAN") |
|
Reference is made to the announcements dated 20 March 2024, 16 October 2024, 27 December 2024, 30 December 2024 and 31 December 2024 (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.
On behalf of the Board of Directors of SCGM, Inter-Pacific Securities Sdn Bhd wishes to announce that the MITI had, vide its letter dated 7 May 2025 (which was received on 8 May 2025), notified that it has agreed with the Proposed Regularisation Plan of SCGM, which will result in a total number of 762,259,671 SCGM Shares on the Main Market of Bursa Malaysia Securities Berhad and SCGM will comply with the Bumiputera equity requirement by allocating 95,300,000 SCGM Shares, representing 12.50% of the enlarged total number of SCGM Shares after the Proposed Regularisation Plan, to Bumiputera investors approved or recognised by the MITI.
This announcement is dated 8 May 2025. |
|
Announcement Info
| Company Name | SCGM BHD |
| Stock Name | SCGM |
| Date Announced | 08 May 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08052025-00055 |