R&A Telecommunication Group Bhd
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OTHERS R&A TELECOMMUNICATION GROUP BERHAD ("R&A" OR "THE COMPANY") -ANNOUNCEMENT ON THE STATUS OF THE PROPOSED TERMINATION OF SPONSOR PURSUANT TO RULE 4.19(C) OF THE ACE MARKET LISTING REQUIREMENTS ("ACE LR") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

 

Company Name

R&A TELECOMMUNICATION GROUP BERHAD(ACE Market) 

Stock Name

 RA

Date Announced

24 Dec 2013

Category

General Announcement

Reference No

CS-131224-495C1

OTHERS R&A TELECOMMUNICATION GROUP BERHAD ("R&A" OR "THE COMPANY") -ANNOUNCEMENT ON THE STATUS OF THE PROPOSED TERMINATION OF SPONSOR PURSUANT TO RULE 4.19(C) OF THE ACE MARKET LISTING REQUIREMENTS ("ACE LR") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

Admission Sponsor

RHB Investment Bank Bhd

Sponsor

Same as above

Type

Announcement

Subject

OTHERS

Description

R&A TELECOMMUNICATION GROUP BERHAD ("R&A" OR "THE COMPANY")
-ANNOUNCEMENT ON THE STATUS OF THE PROPOSED TERMINATION OF SPONSOR PURSUANT TO RULE 4.19(C) OF THE ACE MARKET LISTING REQUIREMENTS ("ACE LR") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

The Board of Directors of R&A ("Board") wishes to inform that Bursa Securities had vide its letter dated 19 December 2013 approved the proposed termination of RHB Investment Bank Berhad ("RHBIB") as the Sponsor of R&A. R&A proposed to appoint TA Securities Holdings Berhad ("TA") as the new sponsor thereafter.


Pursuant to Rule 4.19(d) of the ACE LR of Bursa Securities, where Bursa Securities has granted its approval, R&A must give three (3) months' notice in writing to RHBIB and state its reason for the proposed termination.  

The proposed change of sponsor is being sought as the Board has reviewed the fee and engagement proposal received from TA, and is of the opinion that the engagement of TA will be more cost effective and in the best interest of the Company.


This announcement is dated 24 December 2013.

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