Announcement Details/Table Section :
We refer to the announcements dated 24 November 2011 and 1 December 2011 on the above. The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 24 November 2011 in relation to the Proposed Placement.
On behalf of the Board of Directors of Salcon, AFFIN Investment Bank Berhad (“AFFIN Investment”) wishes to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 14 December 2011 (which was received on 15 December 2011), approved the listing of and quotation for up to 59,161,230 Placement Shares representing up to 10% of the issued and paid-up share capital of Salcon (excluding treasury shares) to be issued pursuant to the Proposed Placement, subject to the following conditions:
(a) Salcon and AFFIN Investment must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Placement;
(b) Salcon and AFFIN Investment to inform Bursa Securities upon the completion of the Proposed Placement; and
(c) Salcon to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Placement is completed.
This announcement is dated 15 December 2011.
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