TIn accordance with Section 9(1) of the Capital Markets and Services (Price Stabilisation Mechanism) Regulations 2008 and as stated in SCG’s prospectus dated 29 June 2015 in relation to the Offering, RHB Investment Bank Berhad, being the stabilising manager in respect of the Offering (“Stabilising Manager”), hereby announces that:
(a) the Shares may be subject to stabilising action;
(b) up to an aggregate of 59,805,700 Shares are the subject of the over-allotment option granted to the Stabilising Manager, solely for purposes of covering over-allotments of the Shares in the Offering;
(c) the Stabilising Manager may buy up to 59,805,700 Shares to undertake stabilising action; and
(d) the maximum period during which the Stabilising Manager may stabilise the price of the Shares shall be the earlier of:
(i) the date falling 30 days from the commencement of trading of the Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities"); or
(ii) the date when the Stabilising Manager has bought, on the Main Market of Bursa Securities, an aggregate of 59,805,700 Shares, representing approximately 15% of the total number of Shares offered under the offer for sale of up to 398,705,400 Shares.
A copy of RHB Investment Bank Berhad’s letter dated 7 July 2015 relating to the above is attached herewith.
This announcement is dated 7 July 2015.