We refer to the announcements made on 9 April 2015 and 21 April 2015 in relation to the Proposed Private Placement.
On behalf of the Board of Directors of SAB, RHB Investment Bank Berhad ("RHBIB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 28 April 2015, resolved to approve the listing and quotation of up to 15,000,000 new ordinary shares of RM0.50 each in SAB, representing up to 10% of the existing issued and paid-up share capital of SAB (excluding treasury shares, if any), to be issued pursuant to the Proposed Private Placement, subject to the following conditions:-
i. SAB and RHBIB must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;
ii. SAB and RHBIB to inform Bursa Securities upon the completion of the Proposed Private Placement;
iii. SAB 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; and
iv. SAB to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Section 132D of the Companies Act, 1965, in the event the current authority has expired.
This announcement is dated 28 April 2015.
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