【PESTECH 5219 交流专区】PESTECH国际

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	207,813	248,842	207,813	248,842
2	Profit/(loss) before tax	24,635	33,760	24,635	33,760
3	Profit/(loss) for the period	21,623	25,028	21,623	25,028
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,868	15,061	11,868	15,061
5	Basic earnings/(loss) per share (Subunit)	1.56	1.97	1.56	1.97
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.7829		0.7609

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PESTECH INTERNATIONAL BERHAD

Entitlement subject	Bonus Issue
Entitlement description	Bonus issue of 191,073,393 new ordinary shares in PESTECH International Berhad ("PESTECH") ("Bonus Share(s)") on the basis of 2 Bonus Shares for every 8 existing ordinary shares in PESTECH held at 5.00 p.m. on 10 December 2021 ("Entitlement Date")
Shareholder's Approval	Yes
Ex-Date	09 Dec 2021
Entitlement date	10 Dec 2021
Entitlement time	5:00 PM
Financial Year End	30 Jun 2022
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Securities Crediting Date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	10 Dec 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Ratio
Par Value (if applicable)
Securities Entitlement
Company Name	PESTECH INTERNATIONAL BERHAD
Entitlement	Ordinary Shares
Ratio (New : Existing)	2.0000 : 8.0000

Entitlement subject	Bonus Issue
Entitlement description	Bonus issue of up to 95,536,696 warrants in PESTECH International Berhad ("PESTECH") ("Warrant(s)") on the basis of 1 Warrant for every 8 existing ordinary shares in PESTECH held at 5.00 p.m. on 10 December 2021 ("Entitlement Date")
Shareholder's Approval	Yes
Ex-Date	09 Dec 2021
Entitlement date	10 Dec 2021
Entitlement time	5:00 PM
Financial Year End	30 Jun 2022
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Securities Crediting Date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	10 Dec 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Ratio
Par Value (if applicable)
Securities Entitlement
Company Name	PESTECH INTERNATIONAL BERHAD
Entitlement	Warrants
Ratio (New : Existing)	1.0000 : 8.0000

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Profile for Securities of PLC

PESTECH INTERNATIONAL BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Description	Bonus issue of 95,145,862 warrants ("Warrant(s)") in PESTECH International Berhad ("PESTECH") on the basis of 1 Warrant for every 8 existing ordinary shares in PESTECH ("PESTECH Share(s)" or "Share(s)") held at 5.00 p.m. on 10 December 2021 ("Entitlement Date")

Listing Date	21 Dec 2021
Issue Date	16 Dec 2021
Issue/ Ask Price	Not Applicable
Issue Size Indicator	Unit
Issue Size in Unit	95,145,862
Maturity	Mandatory
Maturity Date	15 Dec 2028
Revised Maturity Date
Name of Guarantor	Not Applicable
Name of Trustee	Not Applicable
Coupon/Profit/Interest/Payment Rate	Not Applicable
Coupon/Profit/Interest/Payment Frequency	Not Applicable
Redemption	Not Applicable
Exercise/Conversion Period	4.00   Year(s)
Revised Exercise/Conversion Period	Not Applicable
Exercise/Strike/Conversion Price	Malaysian Ringgit (MYR)   0.6500
Revised Exercise/Strike/Conversion Price	Not Applicable
Exercise/Conversion Ratio	1:1
Revised Exercise/Conversion Ratio	Not Applicable
Mode of satisfaction of Exercise/ Conversion price	Cash
Settlement Type/ Convertible into	Physical (Shares)

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Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "THE COMPANY") - NOTICE OF AWARD FOR THE SUPPLY OF PARTS, MATERIALS, SPECIAL TOOL AND TECHNICAL EXPERTISE FOR THE COMPREHENSIVE MAINTENANCE OF SUBIC SUBSTATION FROM NATIONAL GRID CORPORATION OF THE PHILIPPINES (NGCP)
The Board of Directors of PESTECH (“Board”) wishes to announce that its wholly-owned subsidiary company, PESTECH Sdn Bhd (“PSB”) had on 29 September 2022, accepted a Notice of Award from NGCP for the contract in relation to the supply of parts, materials, special tool and technical expertise for the comprehensive maintenance of the existing Subic Substation (hereinafter referred to as the “Project”) at a total contract value as below:- Offshore portion: USD3,900,000.00 (United States Dollars: Three Million Nine Hundred Thousand only) Onshore portion: PHP181,000,000.00 (Philippine Pesos: One Hundred Eighty One Million only), VAT inclusive Under the Project, PESTECH shall be supplying parts and providing comprehensive maintenance to the Subic 230kV Outdoor Gas-Insulated Switchgear (“GIS”) that was energised and commissioned on 19 October 2007. The Subic GIS Substation consists of two (2) nos of 83MVA power transformers bays and two (2) nos of transmission lines bays. This Project aims to enhance the reliability of power transmission in Subic area and also the whole Luzon grid. The commencement date of the Project will be determined by NGCP later and the Project shall be completed in two (2) stages which are dependent on each other as follows: Supply of goods/parts: 300 calendar days from the commencement date Comprehensive maintenance: 108 shutdown days (18 days per breaker) The Project will contribute positively towards the revenue and earnings of PESTECH in accordance to the stage of project progress to be recognised in the financial years ending 30 June 2023 to 30 June 2024. PESTECH does not foresee any exceptional risk other than the normal operational risk associated with the Project such as availability and changes in the price of raw materials. The Company will take necessary steps to mitigate the risks as and when it occurs. None of the Directors and/or Major Shareholders and/or persons connected to them, has any interest, direct or indirect in the Project. The Board is of the opinion that the Project is in the best interest of the Company. This announcement is dated 30 September 2022.

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Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "THE COMPANY") - LETTER OF AWARD FOR THE SUPPLY AND DELIVERY OF SMART METER FROM TENAGA NASIONAL BERHAD (TNB)
The Board of Directors of PESTECH (“Board”) wishes to announce that its wholly-owned subsidiary company, PESTECH Sdn Bhd (“PSB”), had on 6 October 2022, received a Letter of Award (“LOA”) from Tenaga Nasional Berhad (“TNB”) for supply and delivery of 60,000 units of Single Phase smart meter for Advanced Metering Infrastructure at a total contract amount of RM11,100,000 (Ringgit Malaysia: Eleven Million and One Hundred Thousand only) (hereinafter referred to as the “Contract”). The Contract shall be effective from the date of the LOA for a duration of six (6) months with an option to extend for another six (6) months subject to PSB’s performance.  PSB will execute the Contract together with PESTECH Energy Sdn Bhd, a subsidiary of PIB, which is spearheading the digitalisation business segment of the Group. From 2019 up to to-date, the Group had secured a total of RM103,620,393.36 (Ringgit Malaysia : One Hundred and Three Million Six Hundred and Twenty Thousand Three Hundred and Ninety Three and Sen Thirty Six only) which comprised 473,205 units of smart meters.   The award of contracts signifies the Group’s capability in meeting the standard specifications and delivery performance as required by TNB.   It enables the Group to build track records to tap for more prospects in the smart metering for other phases in TNB as well as in the region.    Asia Pacific is anticipated to be the largest and fastest-growing market as governments scale up grid digitalisation investments to enable energy firms to implement real-time analysis of grid and consumer usage.   Deployments in China, Japan, Australia and India are expected to help the Asia Pacific region expand its smart meters portfolio as governments seek to address energy sector challenges such as increases in energy demand, as well as to improve power quality. Up to $9.8 billion in smart grid investments is expected to be made in the Asia Pacific between 2018 and 2027 (Source : Smart Energy International).  The Group continues to leap forward for opportunities in the revolutionising of technologies in power distribution and smart grid to promote for a more greener and more sustainable energy.   On the home front, the smart meter records household electricity usage and sends the information to TNB remotely through selected telecommunication networks. It allows customers to view half-hourly energy usage updates via the myTNB portal, track and adjust the energy usage, and make energy-efficient choices for themselves. The Contract is expected to contribute positively towards the revenue and earnings of PESTECH in accordance with the stages of the progress to be recognised in the financial year ending 30 June 2023 and is expected to contribute positively to the net asset per share of the Company. PESTECH does not foresee any exceptional risk other than the normal operational risk associated with the Contract.  The Company will take necessary steps to mitigate the risks as and when it occurs. None of the Directors and/or Major Shareholders and/or persons connected to them, has any interest, direct or indirect in the Contract. The Board is of the opinion that the Contract is in the best interest of the Company. This announcement is dated 11 October 2022.

Tony-Pua

（吉隆坡24日讯）IJM（IJM，3336，主板建筑股）宣布，建议以1.24亿令吉，收购Pestech国际（PESTECH，5219，主板工业股）的44.83%股权。

IJM周一向马交所报备，将以每股15.5仙，收购Pestech国际8亿股现有股，相当于扩大股本后的44.83%，为此，该集团还寻求豁免强制全面献购。

关于15.5仙的出价，相比本月21日的闭市价29.5仙，折价14仙或47.46%。同时，比5天和1个月的加权平均价格（VWAMP），也折价48.98%和45.79%。

由于双方签署有条件股权买卖协议，需符合7项先决条件，包括获得Pestech国际股东、马交所和相关监管机构的批准等。

IJM表示，将通过内部融资或/和银行贷款筹集资金，预计今年末季完成交易。

IJM董事经理兼总执行长李振辉指，献购Pestech国际股权属于策略投资，将为双方在不断发展的能源传输和铁路电气化领域，带来协同合作的机会。

“把Pestech国际纳入我们的多元化组合并创造协同效应，为各个行业的客户提供全面的解决方案，共同加强公司的行业地位，同时多元化收入来源推动永续增长。”

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Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" or "the COMPANY") - LETTER OF AWARD FOR THE SUPPLY AND DELIVERY OF SMART METERS FROM TENAGA NASIONAL BERHAD
The Board of Directors of PESTECH (“Board”) wishes to announce that its wholly-owned subsidiary company, PESTECH Sdn Bhd (“PSB”), had on 29 September 2023 (late evening), received a Letter of Award (“LOA”) from Tenaga Nasional Berhad (“TNB”) for supply and delivery of 79,800 units of Single Phase Radio Frequency smart meters together with 19,950 units of Three Phase Radio Frequency smart meters in line with TNB’s Advanced Metering Infrastructure (“AMI”) implementation (“Project”) at a total contract amount of RM21,166,950 (Ringgit Twenty One Million One Hundred Sixty Six Thousand Nine Hundred Fifty only) (hereinafter referred to as the “Contract”). The Contract shall be effective from the date of the LOA for a duration of two (2) years.  PSB will implement the Project together with PESTECH Energy Sdn Bhd, a subsidiary of PIB, which is spearheading the smart metering infrastructure business of the Group. From 2019 up to to-date, the Group had secured a total of RM139,798,173.36 (Ringgit One Hundred Thirty Nine Million Seven Hundred Ninety Eight Thousand One Hundred Seventy Three and Sen Thirty Six only) smart meters order from TNB, inclusive of the Contract, interim orders and variation orders, which consisted a total of 643,455 units of smart meters. The award of contracts signifies the Group’s capability in continuously meeting the standard specifications and delivery performance as required by TNB.   It reaffirms the reliable track records build by the Group in the smart metering and AMI business segment, allowing the Group to tap on more prospects in the smart metering for other phases in TNB as well as in the region.   The Contract is expected to contribute positively towards the revenue and earnings of PESTECH in accordance with the stages of the progress to be recognised in the financial year ending 30 June 2024 and 30 June 2025, and is expected to contribute positively to the net asset per share of the Company. PESTECH does not foresee any exceptional risk other than the normal operational risk associated with the Contract.  The Company will take necessary steps to mitigate the risks as and when it occurs. None of the Directors and/or Major Shareholders and/or persons connected to them, has any interest, direct or indirect in the Contract. The Board is of the opinion that the Contract is in the best interest of the Company. This announcement is dated 2 October 2023.

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Change in Financial Year End

PESTECH INTERNATIONAL BERHAD

Old financial year end	30 Jun 2023
New financial year end	30 Sep 2023

Remarks :

The Board of Directors of PESTECH International Berhad ("the Company") has approved the change in the financial year end of the Company from 30 June to 30 September. The rationale for the said change is to allow for better resources planning and to improve management of audit and annual reporting in the future. The current set of financial statements will be made up from 1 July 2022 to 30 September 2023, which covers a period of fifteen (15) months. This announcement is dated 17 October 2023.

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PESTECH INTERNATIONAL BERHAD

Particulars of substantial Securities Holder

Name	MR LIM AH HOCK
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	18 Mar 2024	10,000,000	Disposed	Direct Interest
	Name of registered holder	CIMSEC Nominees (Tempatan) Sdn. Bhd. - CIMB for Lim Ah Hock
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares through Direct Business Transaction
Nature of interest	Direct Interest
Direct (units)	250,093,855
Direct (%)	25.402
Indirect/deemed interest (units)	3,892,830
Indirect/deemed interest (%)	0.395
Total no of securities after change	253,986,685
Date of notice	20 Mar 2024
Date notice received by Listed Issuer	20 Mar 2024

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PESTECH INTERNATIONAL BERHAD

Particulars of substantial Securities Holder

Name	MR LIM AH HOCK
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	17 Apr 2024	11,000,000	Disposed	Direct Interest
	Name of registered holder	CIMSEC Nominees (Tempatan) Sdn. Bhd. - CIMB for Lim Ah Hock
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares through Direct Business Transaction
Nature of interest	Direct Interest
Direct (units)	231,893,855
Direct (%)	23.553
Indirect/deemed interest (units)	3,892,830
Indirect/deemed interest (%)	0.395
Total no of securities after change	235,786,685
Date of notice	22 Apr 2024
Date notice received by Listed Issuer	22 Apr 2024

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" OR THE "COMPANY")I.        PROPOSED RESTRICTED ISSUE; ANDII.        PROPOSED EXEMPTION(COLLECTIVELY REFERRED TO AS "THE PROPOSALS")
Unless otherwise defined, the terms used herein shall carry the same meanings as defined in the earlier announcements in relation to the Proposals. We refer to the announcements dated 24 July 2023, 7 August 2023, 16 August 2023, 29 August 2023, 13 October 2023, 22 November 2023, 8 February 2024 and 19 February 2024 in relation to the Proposals. On behalf of the Board of Directors of PESTECH (“Board”), Alliance Islamic Bank Berhad wishes to announce that the Board had, on 15 August 2024, decided to mutually terminate the Subscription Agreement due to the non-fulfilment of the conditions precedent pursuant to the Subscription Agreement. This mutual termination does not affect the current joint venture with IJM Construction Sdn. Bhd. in relation to Kuala Lumpur International Airport Automated People Mover project. In view of the above, the Board had on the even date decided to abort the Proposals. The Board is currently exploring other alternative fund-raising proposals to meet its funding requirements, the details of which will be announced in due course. This announcement is dated 15 August 2024.

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Type	Announcement
Subject	OTHERS
Description	PESTECH INTERNATIONAL BERHAD (PESTECH OR THE COMPANY)-        HEADS OF AGREEMENT IN RELATION TO THE PROPOSED SUBSCRIPTION OF SHARES IN PESTECH INTERNATIONAL BERHAD
1. INTRODUCTION The Board of Directors of the Company wishes to announce that on 16 August 2024, the Company entered into a Heads of Agreement (“HOA”) with Dhaya Maju Infrastructure (Asia) Sdn Berhad (Registration No.: 199601013646 (385996-H) (“DMIA”) for the proposed subscription by DMIA of a minimum of 1,032,720,000 ordinary shares in the Company, representing not less than 51% of the total enlarged issued share capital of the Company, at a subscription price of RM0.155 per ordinary share (“Proposed Subscription”). 2. INFORMATION ABOUT DMIA DMIA was incorporated under the laws of Malaysia on 4 May 1996 under the Companies Act 1965 and deemed registered under the Companies Act 2016 as a private limited company. As at the date of this announcement, the total issued share capital of DMIA is RM40,000,000 comprising 40,000,000 ordinary shares. DMIA and its subsidiaries (“DMIA Group”) are principally involved in the engineering, procurement, construction and commissioning of public mobility and transportation (railways and highways), railway engineering and technology and real estate development. DMIA Group is involved in infrastructure projects in Malaysia and India. For the financial year ended 31 March 2023, DMIA Group recorded a turnover of RM1.031 billion. 3. PROPOSED EXEMPTION In conjunction with the Proposed Subscription, DMIA and its persons acting in concert intend to seek an exemption from the Securities Commission Malaysia (“SC”) under Paragraph 4.08(1)(b) of the Rules on Take-overs, Mergers and Compulsory Acquisitions (“Rules”) from the obligation to undertake a mandatory take-over offer to acquire all the remaining ordinary shares and outstanding warrants of the Company not already owned by them upon completion of the Proposed Subscription (“Proposed Exemption”). In the event that the SC does not grant approval for the Proposed Exemption, DMIA and its persons acting in concert will undertake a mandatory take-over offer in accordance with the Rules. 4. SALIENT TERMS OF THE HOA 4.1 Proposed Subscription The Company and DMIA (collectively referred to as the “Parties”) have agreed to enter into the HOA to record the principal terms and conditions of the Proposed Subscription, which shall be incorporated into a subscription agreement to be entered into between the Parties, subject to such other terms and conditions as may be mutually agreed between the Parties (“Definitive Agreement”). 4.2 Subscription Price and Deposit The aggregate subscription price shall be calculated based on the total number of ordinary shares in the Company subscribed by the Subscriber, which shall not be less than 1,032,720,000 ordinary shares in the Company, multiplied by RM0.155 per ordinary share (“Subscription Price”). Upon execution of the Definitive Agreement, the Subscriber shall pay an aggregate sum equivalent to 10 percent (10%) of the Subscription Price (“Deposit”) into the Company’s solicitor’s interest-bearing client account. The Deposit shall form part of the payment towards the Subscription Price upon completion of the Definitive Agreement. 4.3 Due Diligence The Subscriber will, to the extent permissible by the applicable laws of Malaysia, conduct a due diligence review on PESTECH Group based on publicly available documents and/or information on PESTECH Group. 4.4 Negotiations Period The Parties agree to negotiate and execute the Definitive Agreement as soon as practicable and within a period of two (2) months from the date of the HOA with an automatic extension of one (1) month or such other date as the Parties may agree in writing (“Negotiations Period”). 4.5 Exclusivity The Company agrees that, for the period from and including the date of the HOA up to and including the last day of the Negotiations Period, the Company shall not: 4.5.1     enter into or continue, facilitate or encourage, any discussions or negotiations with any party relating to any equity fund raising exercises involving the Company; or 4.5.2     respond to any approach made by any party with a view to any of the same. 4.6 Binding effect The HOA is not intended to be, and is not, an exhaustive description of the agreement, arrangement or understanding between the Parties relating to the Proposed Subscription and is subject always to the definitive terms and conditions to be set out in the Definitive Agreement. 4.7 Termination The HOA will commence on the date of the HOA and terminate upon the earlier of: 4.7.1 the last day of the Negotiations Period; or 4.7.2 the date of execution of the Definitive Agreement concerning the Proposed Subscription. 5. RATIONALE FOR AND BENEFITS OF THE PROPOSED SUBSCRIPTION The Proposed Subscription represents a strategic and synergistic collaboration between PESTECH Group and DMIA Group, aimed at enhancing competitiveness, offering more comprehensive solutions, enabling participation in larger-scale projects, and expanding the geographical footprint of both parties. With the inclusion of DMIA Group, both parties will be able to expand their capabilities, offering more holistic and integrated construction and project management solutions and services to their customers by leveraging on each other’s strengths and competencies, particularly in rail-related infrastructure development. Both PESTECH Group and DMIA Group have established strong track records in railway and rail electrification, highway, civil and electrical network infrastructures within the region, with expertise spanning across various aspects of railway projects, electrical power grid and renewable energy. The Proposed Subscription is expected to bring synergistic advantages, enabling PESTECH Group and DMIA Group to propel forward within the region. 6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED None of the directors and/or major shareholders of the Company or any persons connected with them have any interest, whether direct or indirect, in the Proposed Subscription. 7. DIRECTORS’ STATEMENT The Board, having considered all the terms and conditions of the HOA, is of the opinion that the Proposed Subscription is in the best interest of the Company. 8. DOCUMENT AVAILABLE FOR INSPECTION The HOA will be made available for inspection at the Company’s registered office at No. 26, Jalan Utarid U5/14, Seksyen U5, 40150 Shah Alam, Selangor Darul Ehsan, Malaysia during normal business hours from Monday to Friday (except on public holidays) for a period of 3 months from the date of this announcement This announcement is dated 16 August 2024.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	155,162		300,652
2	Profit/(loss) before tax	-67,921		-136,803
3	Profit/(loss) for the period	-69,879		-141,558
4	Profit/(loss) attributable to ordinary equity holders of the parent	-71,809		-144,563
5	Basic earnings/(loss) per share (Subunit)	-7.29		-14.68
6	Proposed/Declared dividend per share (Subunit)	0.00		0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1959		0.3442

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	PESTECH INTERNATIONAL BERHAD ("PESTECH" OR THE "COMPANY")(I)        PROPOSED RESTRICTED ISSUE;(II)        PROPOSED CAPITALISATION; AND(III)        PROPOSED EXEMPTION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of PESTECH, Alliance Islamic Bank Berhad wishes to announce that the Company intends to undertake the following: (i) the Company had, on 4 October 2024, entered into a conditional subscription agreement (“Subscription Agreement”) with the Dhaya Maju Infrastructure (Asia) Sdn Berhad (“DMIA” or the “Subscriber”), pursuant to which the Company proposes to undertake a restricted issue of 1,333,335,000 new ordinary shares in PESTECH (“PESTECH Share(s)” or “Share(s)”) (“Restricted Share(s)”) to the Subscriber for a total subscription price of RM160,000,200 at an issue price of RM0.12 per Restricted Share (“Subscription Price”) (“Proposed Restricted Issue”); and (ii) the proposed capitalisation of the deposit of RM16,000,020, being 10% of the Subscription Price (“Deposit”) paid by the Subscriber to the Company upon execution of the Subscription Agreement for the Proposed Restricted Issue, through the issuance of 133,333,500 new Shares (“Capitalisation Share(s)”) at an issue price of RM0.12 per Capitalisation Share (“Capitalisation Issue Price”), if required pursuant to the terms of the Subscription Agreement (“Proposed Capitalisation”). In conjunction with the Proposed Restricted Issue, the Subscriber and its persons acting in concert intend to seek an exemption from the Securities Commission Malaysia under subparagraph 4.08(1)(b) of the Rules on Take-overs, Mergers and Compulsory Acquisitions from the obligation to undertake a mandatory take-over offer to acquire all the remaining Shares and all the outstanding warrants 2021/2028 in the Company not already owned by them upon completion of the Proposed Restricted Issue (“Proposed Exemption”). This announcement is dated 4 October 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3489295

Attachments PESTECH - Initial announcement for the Proposals_04.10.2024.pdf