SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE TO BE UNDERTAKEN BY CBB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("ACT") ("SCR)
KUALA LUMPUR, Aug 23 (Bernama) -- We refer to the press releases in relation to the SCR dated 16 April 2019, 22 April 2019 and 20 June 2019 (collectively "Press Releases"). Unless otherwise defined herein, all expressions used in this press release shall carry the same meanings as defined in the Press Releases.
On behalf of the Board, CIMB Investment Bank Berhad wishes to announce that the High Court of Malaya had today granted an order confirming the SCR Pursuant to Section 116 of the Act ("Order").
Pursuant thereto, all required approvals for the SCR have been duly obtained.
Following the above, CBB will proceed to extract the Order and lodge a copy of the Order with the Companies Commission of Malaysia in accordance with Section 116 (6) of the Act.
Click here to view the full releasehttp://mrem.bernama.com/pdf/Press%20Release%20on%20the%20Court%20Approval%20-%2022%20August%202019.pdf
Source: CIMB Group
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