We refer to the announcements dated 27 February 2020, 27 April 2020 and 6 May 2020 in relation to the 2nd DRP.  

On behalf of the Board of Directors of ABB, Affin Hwang Investment Bank Berhad wishes to announce that:

(i) Bank Negara Malaysia (“BNM”), vide its letter dated 9 July 2020, has no objection for ABB to increase its issued share capital of up to 42.5 million new ordinary shares in ABB (“ABB Shares”). In addition to the 96.5 million new ABB Shares approved by BNM on 27 February 2020, this brings the approved increase in the issued share capital of ABB to a total of up to 139.0 million new ABB Shares to be issued pursuant to the 2nd DRP; and

(ii) the additional listing application for the listing of and quotation for up to 139.0 million ABB Shares on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) in relation to the 2nd DRP has been submitted to Bursa Securities on 10 July 2020.

This announcement is dated 10 July 2020.