News

We refer to the announcements dated 19 August 2016, 21 September 2016, 2 November 2016, 8 November 2016 and 18 November 2016 in relation to the Proposals (“Announcements”).

Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements.

On behalf of the Board of Directors of Ekovest, CIMB, Astramina and AmInvestment wishes to announce that Bursa Securities had vide its letter dated 21 December 2016 (which was received on 22 December 2016), resolved to approve the following:

(i)   Proposed Share Split; and

(ii)   Listing of and quotation for up to 183,310,470 additional warrants arising from the adjustments to be made pursuant to the Proposed Share Split and up to 183,310,470 subdivided shares to be issued arising from the exercise of additional warrants, on the Main Market of Bursa Securities.

The approval granted by Bursa Securities is subject to the following conditions:

(i)   Ekovest and its advisers must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Share Split;

(ii)   Ekovest and its advisers to inform Bursa Securities upon the completion of the Proposed Share Split;

(iii)   Ekovest and its advisers to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed;

(iv)   Ekovest and its adviser is required to make the relevant announcement pursuant to paragraph 6.56(2)(b)(ii) and (iii) and paragraph 13.10(2) of the LR; and

(v)   Ekovest and its advisers is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders approving the Proposals prior to the listing and quotation of subdivided shares.

This announcement is dated 22 December 2016.