SCGM

0.470

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PRACTICE NOTE 16 / GUIDANCE NOTE 2 : REGULARISATION PLAN

SCGM BHD

Type Announcement
Subject PRACTICE NOTE 16 / GUIDANCE NOTE 2
REGULARISATION PLAN
Description 
SCGM BHD ("SCGM" OR THE "COMPANY")

(I)	PROPOSED SPECIAL DIVIDEND;
(II)	PROPOSED ACQUISITION;
(III)	PROPOSED OFFER FOR SALE; AND
(IV)	PROPOSED EXEMPTION

(COLLECTIVELY REFERRED TO AS THE "PROPOSED REGULARISATION PLAN")

Reference is made to the Company's announcements dated 20 March 2024, 16 October 2024, 27 December 2024, 30 December 2024, 31 December 2024, 8 May 2025, 30 May 2025, 24 September 2025, 14 November 2025, 22 January 2026, 21 April 2026 and 28 April 2026 ("Announcements"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

 

On behalf of the Board of Directors of SCGM, Berjaya Securities wishes to announce that Bursa Securities had, vide its letter dated 13 May 2026, resolved to approve the listing and quotation of 569,698,630 new ordinary shares in SCGM to be issued to the Vendors pursuant to the Proposed Acquisition.

 

Berjaya Securities and/or SCGM are required to comply with the following:-

 

(i)         Submission of the following information with respect to the moratorium on the shareholdings of the specified shareholders to Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"):-

 

(a)        Name of shareholders;

(b)        Number of shares; and

(c)        Date of expiry of the moratorium for each block of shares.

 

(ii)        Approvals from other relevant authorities have been obtained for implementation of the Proposed Regularisation Plan;

 

(iii)       Furnish Bursa Securities with certified true copy of the resolutions passed by the shareholders at the extraordinary general meeting approving the Proposed Regularisation Plan;

 

(iv)       Furnish to Bursa Securities a copy of the schedule of distribution showing compliance with the public shareholding spread requirements at least 1 market day prior to the listing of and quotation for the new SCGM Shares to be issued pursuant to the Proposed Acquisition;

 

(v)        Furnish to Bursa Securities a confirmation of compliance with Paragraph 2.2(b)(ii)(aa) of Practice Note 5 of the Listing Requirements by all the directors at least 2 market days prior to the listing of and quotation for the new SCGM Shares to be issued pursuant to the Proposed Acquisition; and

 

(vi)       Berjaya Securities / SCGM are required to inform Bursa Securities upon completion of the Proposed Regularisation Plan and to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Regularisation Plan is completed.

 

 

This announcement is dated 14 May 2026.


 

 



Announcement Info

Company Name SCGM BHD
Stock Name SCGM
Date Announced 14 May 2026
Category General Announcement for PLC
Reference Number GA1-14052026-00056


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