MULTIPLE PROPOSALS YI-LAI BERHAD ("YILAI" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
YI-LAI BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
YI-LAI BERHAD ("YILAI" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the Company’s announcement dated 10 February 2021 and its subsequent announcement in relation to the Proposals.



On behalf of the Board of Directors of YiLai, KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 18 February 2021, resolved to approve the listing of and quotation for 97,047,061 Bonus Shares to be issued pursuant to the Proposed Bonus Issue, on the Main Market of Bursa Securities.



The approval by Bursa Securities is subject to the following conditions:-



1.YiLai and KAF IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue;



2. YiLai and KAF IB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;



3. YiLai / KAF IB to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the forthcoming general meeting for the Proposed Bonus Issue;



4. YiLai and KAF IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and



5. YiLai and KAF IB are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) and (b) and 6.35(4) of the Listing Requirements.



YiLai is also required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.





This announcement is dated 18 February 2021.