Practice Note 17 / Guidance Note 3 : Regularisation Plan

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Oct 26, 2022
Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description

SOUTHERN SCORE BUILDERS BERHAD (FORMERLY KNOWN AS "G NEPTUNE BERHAD") ("SSB" OR THE "COMPANY")

(I) SHARE CONSOLIDATION;

(II) ACQUISITION;

(III) DEBT SETTLEMENT;

(IV) PRIVATE PLACEMENT; AND

(V) EXEMPTION.

(COLLECTIVELY REFERRED TO AS THE "REGULARISATION PLAN")

 

We refer to the Company’s previous announcements in relation to the Regularisation Plan (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of SSB, Kenanga IB wishes to announce that the Board of SSB has fixed the issue price for the private placement of 543,047,900 Placement Shares at RM0.20 per Placement Share on 26 October 2022.

 

For clarity, the trading in SSB Shares has been suspended from 14 December 2020 and will continue to be suspended until the completion of the Regularisation Plan.

 

This announcement is dated 26 October 2022.

 


Announcement Info

 

Company Name SOUTHERN SCORE BUILDERS BERHAD
Stock Name SSB8
Date Announced 26 Oct 2022
Category General Announcement for PLC
Reference Number GA1-26102022-00062