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Southern Score Builders Berhad Completes Regularisation Plan

Retrieved on: 
Wednesday, November 9, 2022

KUALA LUMPUR, Nov 9, 2022 - (ACN Newswire) - Southern Score Builders Berhad (Bursa: SSB8, 0045), a former Guidance Note 3 (GN3) company, has completed its regularisation plan which involves, amongst others, the acquisition of Southern Score Sdn Bhd (SSSB), a G7 contractor.

Key Points: 
  • KUALA LUMPUR, Nov 9, 2022 - (ACN Newswire) - Southern Score Builders Berhad (Bursa: SSB8, 0045), a former Guidance Note 3 (GN3) company, has completed its regularisation plan which involves, amongst others, the acquisition of Southern Score Sdn Bhd (SSSB), a G7 contractor.
  • Following the acquisition, Southern Score Builders will be involved the provision of construction management services mainly for high-rise residential buildings.
  • Executive Director and Chief Executive Officer of Southern Score Builders, Gan Yee Hin, said, "We would like to thank Bursa Securities for their guidance and support throughout the progression of regularisation plan.
  • https://southernscore.com.my/
    Tan Sri Datuk Seri Gan Yu Chai, Managing Director of Southern Score Builders Berhad
    Datuk Sydney Lim Tau Chin, Executive Director of Southern Score Builders Berhad
    Dato' Haji Mohd Amran Bin Wahid, Non-Independent Non-Executive Chairman of G Neptune Berhad
    Dato' Haji Mohd Amran Bin Wahid, Non-Independent Non-Executive Chairman of G Neptune Berhad
    Datuk Sydney Lim Tau Chin, Executive Director of Southern Score Builders Berhad
    Tan Sri Datuk Seri Gan Yu Chai, Managing Director of Southern Score Builders Berhad

Shareholders of G Neptune Approved its Regularisation Plan

Retrieved on: 
Tuesday, September 13, 2022

A key milestone for G Neptune's proposed regularisation plan which includes amongst others, the proposed acquisition of Southern Score and a proposed private placement raising at least RM108.6 million

Key Points: 
  • A key milestone for G Neptune's proposed regularisation plan which includes amongst others, the proposed acquisition of Southern Score and a proposed private placement raising at least RM108.6 million
    KUALA LUMPUR, Sept 13, 2022 - (ACN Newswire) - The non-interested shareholders of G Neptune Berhad have approved its proposed regularisation plan during the extraordinary general meeting (EGM) held today.
  • The shareholders' approval marks a key milestone for G Neptune's proposed regularisation plan which is expected to address the Company's Guidance Note 3 (GN3) status as well as return it to a stronger financial standing as well as profitability.
  • Shareholders also approved to change the Company's name to "Southern Score Builders Berhad", a move undertaken by the Company to better reflect G Neptune's new corporate identity moving forward.
  • With the injection of Southern Score, we believe that G Neptune will be in a stronger financial standing and profitability, thereby benefiting all stakeholders."

G Neptune Seeks Shareholders' Approval to Acquire Soutern Score, a construction Management Services Company, as part of its Proposed Regularisation Plan

Retrieved on: 
Monday, August 22, 2022

- The proposed acquisition is part of G Neptune's proposed regularisation plan which also include, amongst others, at least RM108.61 million of fund-raising through a proposed private placement.

Key Points: 
  • - The proposed acquisition is part of G Neptune's proposed regularisation plan which also include, amongst others, at least RM108.61 million of fund-raising through a proposed private placement.
  • KUALA LUMPUR, Aug 22, 2022 - (ACN Newswire) - G Neptune Berhad is pleased to announce that its circular, which includes multiple proposals as part of its proposed regularisation plan, has been issued today.
  • Upon completion, the proposed regularisation plan is expected to address its Guidance Note 3 (GN3) status as well as to return it to a stronger financial standing and profitability that will benefit all stakeholders.
  • The proposed regularisation plan and the proposed change of name are subject to, amongst others, GNB shareholders' approval at the forthcoming general meeting to be held on 13 September 2022.