Greater Bay Holdings Berhad (Malaysia)

The Company was incorporated in Malaysia under the Act as a public company limited by shares under the name of Greater bay Holdings Berhad (GBAY) on 17 March 2022 to facilitate the implementation of the Internal Reorganisation. The Company is currently dormant but is principally intended for investment holding activities. Upon completion of Internal Reorganisation, Advanced Packaging Technology (M) Berhad (APT) will become a wholly-owned subsidiary of this Company.
- On 29 March 2022, Hong Leong Investment Bank Berhad (HLIB) announced that the APT company intends to undertake the Internal Reorganisation by way of the Scheme of Agreement comprising share exchange and transfer of listing status.
- On 1 June 2022, Bursa Securities had resolved to approve the admission of GBAY to the Official List and listing of and quotation for the entire issued share capital of GBAY on the Main Market of Bursa Securities, under the Industrial Products Services sector and Packaging Materials subsector, in place of APT Shares willl be delsited. GBAY will assume APT s stock code and ISIN upon completion.
- Share Exchange : The exchange of the entire issued and fully paid up share capital of APT with new GBAY Shares on the basis of one (1) new GBAY Share for every one (1) existing APT Share held as at the Entitlement Date.
- Transfer of Listing Status : The transfer of the listing status of APT to GBAY, the admission of GBAY to and withdrawal of APT from the Official List of Main Market of Bursa Securities.
- Upon listing on the Main Market of Bursa Securities, the stock code 9148 and ISIN code MYL9148OO007 of GBAY remain unchanged. However, the stock short name of GBAY will be GBAY .