We refer to the announcements dated 14 June 2019 and 4 July 2019 in relation to the Proposed Notes Issue (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcements.

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities had, vide its letter dated 2 August 2019, approved the listing of and quotation for of up to 833,333,333 new SHIB Shares pursuant to the Proposed Notes Issue on the Main Market of Bursa Securities.

Bursa Securities’ approval is subject to the following conditions:

  1. SHIB and Kenanga IB must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation to the Proposed Notes Issue.
  2. SHIB and Kenanga IB to inform Bursa Securities upon the completion of the Proposed Notes Issue.
  3. SHIB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Notes Issue is completed.
  4. SHIB to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders in general meeting approving the Proposed Notes Issue.
  5. Payment of additional listing fee pertaining to the conversion of the Notes, if relevant. In this respect, SHIB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed to the conversion of the Notes as at the end of each quarter together with a detailed computation of listing fees payable.


This announcement is dated 2 August 2019.