92,934,550 Ordinary Shares of Critical Holdings Berhad are subject to a Lock-Up Agreement Ending on 18-JUN-2024.
June 17, 2024
Share
92,934,550 Ordinary Shares of Critical Holdings Berhad are subject to a Lock-Up Agreement Ending on 18-JUN-2024. These Ordinary Shares will be under lockup for 194 days starting from 7-DEC-2023 to 18-JUN-2024.
Details:
In accordance with Rule 3.19(1) of the Listing Requirements and pursuant to the conditions imposed under the approval letter by Bursa Securities, a moratorium will be imposed on the sale, transfer or assignment of those Shares held by our Specified Shareholders as follows: (i) the moratorium applies to the entire shareholdings of our Specified Shareholders for a period of six (6) months from the date of our admission to the ACE Market (?First 6-Month Moratorium?); (ii) upon the expiry of the First 6-Month Moratorium, our Company must ensure that our Specified Shareholders? aggregate shareholdings amounting to at least 45.00% of the total number of issued ordinary shares (adjusted for any bonus issue or subdivision of Shares) of our Company remain under moratorium for another period of six (6) months (?Second 6-Month Moratorium?); and (iii) on the expiry of the Second 6-Month Moratorium, our Specified Shareholders may sell, transfer or assign up to a maximum of 1/3 per annum (on a straight-line basis) of those Shares held under moratorium. Upon Listing, our Specified Shareholders, namely Ir. Tan Si Lim and Ir. Chow Chin Seang will hold in aggregate of 70.00% of our enlarged issued share capital for the First 6-Month Moratorium and 45.00% of our enlarged issued share capital for the Second 6-Month Moratorium. Thereafter, upon the expiry of the Second 6-Month Moratorium, they may sell, transfer or assign up to a maximum of 1/3 per annum (on a straight-line basis) of those Shares held under the moratorium.
Critical Holdings Berhad is a Malaysia-based investment holding company. The Company, through its subsidiaries, is principally engaged in offering mechanical, electrical, and plumbing (MEP) engineering solutions, as well as maintenance and services. Its business consists of MEP engineering solutions and MEP maintenance and services. Its MEP engineering solutions consists of designing and building, project management, supply, installation, testing and commissioning MEP systems for newly built critical facilities, as well as refurbishment, redevelopment, and upgrading of existing facilities. Its MEP maintenance and services consists of undertaking maintenance and service support, including preventive and scheduled maintenance, as well as breakdown service and repair, to ensure proper functioning of the existing MEP equipment and systems. It serves semiconductor, pharmaceutical, and data centers sectors, among others. Its subsidiaries include Critical M & E and Critical Sales & Services.