R&A Telecommunication Group Bhd
+603 55691801 +603 55695730

MULTIPLE PROPOSALS R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”) (I) PROPOSED PAR VALUE REDUCTION; (II) PROPOSED M&A AMENDMENTS; AND (III) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Company Name

R&A TELECOMMUNICATION GROUP BERHAD(ACE Market) 

Stock Name

RA    

Date Announced

26 Dec 2013 

Category

General Announcement

Reference No

MI-131226-58125

MULTIPLE PROPOSALS R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”) (I) PROPOSED PAR VALUE REDUCTION; (II) PROPOSED M&A AMENDMENTS; AND (III) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Type

Announcement

Subject

MULTIPLE PROPOSALS

Description

R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”)

(I) PROPOSED PAR VALUE REDUCTION;
(II) PROPOSED M&A AMENDMENTS; AND
(III) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

 

We refer to the Company’s announcements dated 26 November 2013 and 19 December 2013 in relation to, inter-alia, the proposed private placement of up to 96,686,260 new ordinary shares of RM0.05 each in R&A representing up to ten percent (10%) of the Company, to be issued to investor(s) to be identified at an issue price to be determined and announced later after the implementation of the proposed par value reduction exercise (“Proposed Private Placement”).

On behalf of the Board of Directors of R&A, KAF Investment Bank Berhad (“KAF”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 24 December 2013, approved the listing and quotation of up to 96,686,260 new ordinary shares of RM0.05 each in R&A to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

 

(i)         R&A and KAF must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;

 

(ii)        R&A and KAF to inform Bursa Securities upon the completion of the Proposed Private Placement; and

 

(iii)       R&A to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

 

This announcement is dated 26 December 2013.


 

GROWTH

R&A is aggressively expanding not only in the local Malaysian market.....
More

DIVERSIFY

R&A’s diversification & expansion.....

More

CLIENT

R&A has a solid background and reputation with Operators and MNC vendors.....
More