(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the previous announcement(s) in relation to the Proposals)
Reference is made to the Company’s announcements on 10 April 2023, 11 April 2023, 10 May 2023, 12 May 2023, 26 May 2023, 12 June 2023, 21 June 2023, 22 June 2023, 14 July 2023, 21 July 2023, 24 July 2023, 6 September 2023, 7 September 2023, 6 October 2023, 11 October 2023, 19 October 2023, 26 October 2023, 22 March 2024 and 15 May 2024 in relation to the Proposals.
On behalf of the Board, Alliance Islamic Bank Berhad wishes to announce that the approval from Bursa Securities for the extension of time to complete the implementation of the Private Placement will lapse after 5 October 2024.
After further deliberation, the Company has decided not to proceed with the Private Placement.
This announcement is dated 4 October 2024.