BURSA MALAYSIA WELCOMES MAYBANK INVESTMENT BANK BERHAD TO FACILITATE TRADING OF SHARIAH-COMPLIANT SECURITIES
UNDER ISLAMIC SECURITIES SELLING AND BUYING – NEGOTIATED
TRANSACTION FRAMEWORK
Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) has onboarded Maybank Investment Bank Berhad (“Maybank IB”) as Approved Supplier and User under the Islamic Securities Selling and Buying – Negotiated Transaction (“ISSBNT”) Framework.
ISSBNT is the world’s first Shariah-compliant alternative to Securities Borrowing and Lending, which was launched by the Exchange in December 2017. The platform was developed as a mechanism to provide a facilitative trading environment and improve trading liquidity and velocity of Shariah-compliant securities.
As Approved Supplier and User, Maybank IB will facilitate the buying and selling of Shariah-compliant securities, as well as enable hedging and risk management activities for market participants while adhering to Shariah principles.
“We are delighted to have Maybank IB joining us to facilitate trading of Shariah assets under the ISSBNT Framework,” said Datuk Muhamad Umar Swift, CEO of Bursa Malaysia. "The addition of more Participating Organisations under the ISSBNT Framework demonstrates our commitment to growing the Islamic equity market in response to increased demand for Shariah-compliant assets.”
“We look forward to the increased participation and continued support from our brokers to spur the growth and vibrancy of our marketplace, upholding Malaysia’s position as the world’s leading Islamic Shariah-compliant equities market.”
Dato’ Fad’l Mohamed, Chief Executive Officer, Maybank IB commented, “We are excited to be an Approved Supplier and User under the ISSBNT Framework which will enable us to support our clients’ investment management strategies as we see strong demand for Shariah-compliant assets among investors. With Shariah-compliant securities making up 79% of Bursa Malaysia listed securities, there is potential to further develop our Islamic capital markets and Maybank IB will continue to play an active role in making Malaysia a leader in this space.”
Maybank IB’s inclusion follows the recent announcement of CGS-CIMB Securities Sdn Bhd and Kenanga Investment Bank Berhad as Approved Supplier and User Representatives under the ISSBNT Framework. To date, there are 179 Shariah-compliant securities eligible for ISSBNT transactions, as reviewed and approved by the Securities Commission Malaysia's Shariah Advisory Council.
To learn more about ISSBNT, please visit https://www.bursamalaysia.com/trade/post_trade/issbnt/operational_framewor
CHANGE OF NAME OF KPOWER BERHAD TO RENEUCO BERHAD
Bursa Malaysia Berhad (Bursa Malaysia) wishes to announce the change in the name of the Company as follows:
Old Name | Old Stock Short Name | New Name | New Stock Short Name |
KPOWER BERHAD | KPOWER | RENEUCO BERHAD | RENEUCO |
KPOWER BERHAD – WARRANTS 2021/2026 | KPOWER-WA | RENEUCO BERHAD - WARRANTS 2021/2026 | RENEUCO-WA |
The Company’s securities will be traded and quoted under the new name with effect from 9.00 a.m., Tuesday, 6 September 2022.
Detail Pengumuman
PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN
| ASIA MEDIA GROUP BERHAD |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | ASIA MEDIA GROUP BERHAD ("AMGB" OR THE "COMPANY")
(I) PROPOSED SHARE CAPITAL REDUCTION;
(II) PROPOSED PRIVATE PLACEMENT; AND
(III) PROPOSED RIGHTS ISSUE WITH WARRANTS
(COLLECTIVELY, THE "PROPOSED REGULARISATION PLAN") | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcement in relation to the Proposed Regularisation Plan dated 28 January 2022, 11 February 2022 and 11 March 2022 (“Announcements”)).
We refer to the Announcements. On behalf of the Board, M&A Securities wishes to announce the following: -
(i) the Company and the Vendors had on 5 September 2022 entered into the termination agreement to terminate the SSA and SHA entered on 28 January 2022 and 11 February 2022, respectively.
As such, the revised proposed regularisation plan will comprise of Proposed Share Capital Reduction, Proposed Private Placement and Proposed Rights Issue with Warrants;and
(ii) The Board has resolved to revise certain terms of the Proposed Private Placement and Proposed Rights Issue with Warrants and revise terms are as follows: -
(a) The issue price of the Placement Shares and Rights Shares shall be subject to a minimum floor price of RM0.12; and (b) The Proposed Rights Issue of Warrants shall be undertaken on a Full Subscription Basis only
(collectively, the “Revision”)
Further details of the Revision are set out in the ensuing section of this announcement.
This announcement is dated 5 September 2022.
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