Stabilising Action In Relation To the Initial Public Offering of Ordinary Shares in LHI In Conjunction With Its Listing On The Main Market Of Bursa Malaysia Securities Berhad
| Type | Announcement |
| Subject | OTHERS |
| Description |
STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING OF ORDINARY SHARES IN LHI IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD |
Unless otherwise stated, all defined terms used in this announcement shall have the same meaning as those defined in the Prospectus dated 25 April 2019 issued by LHI (“Prospectus”).
We refer to the above subject matter.
In accordance with Section 9(1) of the Capital Markets and Services (Price Stabilization Mechanism) Regulations 2008, Maybank IB, being the stabilising manager in respect of the IPO (“Stabilising Manager”) wishes to announce that:
| (i) | the Shares may be subject to stabilising action; | ||
| (ii) | an aggregate of up to 140,625,000 Shares are the subject of an over-allotment option granted to the Stabilising Manager, solely for purposes of covering over-allotments of the IPO Shares; | ||
| (iii) | the Stabilising Manager may buy up to 140,625,000 Shares to undertake the stabilising action; and | ||
| (iv) | the maximum period during which the Stabilising Manager may stabilise the price of the Shares shall be the earlier of: | ||
| (i) | the date falling 30 days from and including the date of the Listing; or | ||
| (ii) | the date when the Stabilising Manager has bought, on the Main Market of Bursa Securities, an aggregate of 140,625,000 Shares, representing up to 15.00% of the total number of IPO Shares offered under the IPO, to undertake stabilising activities or such other date as the Stabilising Manager and Over-allotment Option Providers may mutually agree in writing. | ||
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A copy of Maybank IB's letter dated 6 May 2019 to Bursa Securities relating to the above is attached.
This announcement is dated 6 May 2019.
This announcement is not for publication or distribution outside Malaysia and shall not constitute an offer to sell or a solicitation of an offer to purchase the IPO Shares. This announcement is not for publication or distribution, directly or indirectly, in or into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the U.S. Securities Act), except pursuant to an applicable exemption from registration under the U.S. Securities Act. No public offering of securities is being made in the United States. |
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Please refer attachment below.
Announcement Info
| Company Name | LEONG HUP INTERNATIONAL BERHAD |
| Stock Name | LHI |
| Date Announced | 06 May 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06052019-00092 |
Attachments
- Letter_to_Bursa_Stabilising_Action.pdf (Size: 77,244 bytes)