News

We refer to the announcements made on 9 September 2015, 15 September 2015, 8 October 2015, 29 December 2015, 21 March 2016 and 23 March 2016 in relation to the Proposed Private Placement ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board of Pentamaster, Affin Hwang IB wishes to announce that Bursa Securities has approved the application for an extension of time of six (6) months from 7 April 2016 until 6 October 2016 to complete the implementation of the Proposed Private Placement. Further announcements in relation to the above will be made in due course in accordance with the Listing Requirements.

In addition, on behalf of the Board of Pentamaster, Affin Hwang IB also wishes to announce that the Board has on 7 April 2016 ("Price-fixing Date") fixed the issue price for the third tranche of the Proposed Private Placement comprising 1,997,283 Placement Shares at RM0.560 per Placement Share ("Issue Price").

The Issue Price represents a discount of approximately RM0.062 or 9.97% to the five (5)-day volume weighted average market price of the Pentamaster Shares up to and including 6 April 2016, being the last market day immediately preceding the Price-fixing Date of RM 0.622 per Pentamaster Share.

This announcement is dated 7 April 2016.