| Type | Announcement |
| Subject | KKB ENGINEERING BERHAD (“KKB” OR THE “COMPANY”) - BONUS ISSUE OF UP TO 13,266,825 NEW ORDINARY SHARES OF RM1.00 EACH IN KKB ("SHARES") ("BONUS SHARES") CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED UPON OBTAINING ALL THE RELEVANT APPROVALS ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE"); - TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF KKB FROM THE SECOND BOARD TO THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("PROPOSED TRANSFER") (COLLECTIVELY REFERRED TO AS "PROPOSALS") |
On behalf of the Board of Directors of KKB, AmInvestment Bank Berhad (formerly known as AmMerchant Bank Berhad) ("AmInvestment Bank"), a member of AmInvestment Bank Group, is pleased to announce that the Securities Commission ("SC") has vide its letter dated 19 April 2007 (which was received today) approved the Proposed Transfer subject to the condition that AmInvestment Bank and KKB should fully comply with all the relevant requirements pertaining to the implementation of the Proposed Transfer as stipulated in the SC's Policies and Guidelines on Issue/ Offer of Securities.
The Proposed Transfer is also conditional upon the Proposed Bonus Issue, which is still pending the approvals of the following:-
(i) shareholders of KKB at an extraordinary general meeting to be held on 10th May 2007; and
(ii) Bursa Malaysia Securities Berhad for the listing of and quotation for the Bonus Shares.
This announcement is dated 20th April 2007.
| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 20 Apr 2007 |
| Category | General Announcement |
| Reference No | MM-070420-51666 |
