We refer to the earlier announcements in relation to the Proposed Transfer of Listing. Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, AmInvestment Bank is pleased to announce that Bursa Securities has, vide its letter dated 7 January 2025 (“Decision Letter”), resolved the following:

(i) to approve the proposed transfer of listing of LSH Capital from the LEAP Market to the ACE Market and quotation for the entire issued share capital of LSH Capital comprising 838,360,208 Shares on the ACE Market; and 

(ii) to grant approval-in-principle for registration of the listing prospectus of LSH Capital. In this regard, AmInvestment Bank is required to provide a confirmation of registration at least seven (7) market days prior to the intended date of registration. 

LSH Capital and/or AmInvestment Bank are also 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 Depository: 

     (a) name of shareholders;

     (b) number of Shares; and 

     (c) date of expiry of the moratorium for each block of Shares;

(ii) confirm that approvals from other relevant authorities have been obtained for implementation of the Proposed Transfer of Listing;

(iii) the Bumiputera equity requirements for public listed companies as approved/exempted by the SC including any conditions imposed thereon; 

(iv) make the relevant announcements pursuant to Paragraphs 8.1 and 8.2 of Guidance Note 15 of the ACE LR; 

(v) furnish to Bursa Securities a copy of the schedule of distribution showing compliance with the public shareholding spread requirements based on the entire enlarged issued share capital of LSH Capital on the first day of listing on the ACE Market; 

(vi) in relation to the Proposed Public Offering, announce at least two (2) market days prior to the listing date, the result of the offering including the following:

     (a) level of subscription of public balloting and placement;

     (b) basis of allotment/allocation;

     (c) a table showing the distribution for placement tranche as per the format provided in the Decision Letter; and 

     (d) disclosure of placees who become substantial shareholders of LSH Capital arising from the Proposed Public Offering, if any.

     AmInvestment Bank must ensure that the overall distribution of LSH Capital’s securities is properly carried out to mitigate any disorderly trading in the secondary market; and 

(vii) LSH Capital/AmInvestment Bank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval upon the admission of LSH Capital to the Official List of the ACE Market.

LSH Capital and AmInvestment Bank are also required to ensure full compliance with all requirements as provided under the ACE LR at all times. 

This Announcement is dated 8 January 2025.