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Bourse OKs QES Listing of 83 Million QES Shares

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QES Group (KLSE:QES) said Bursa Malaysia has approved the listing and quotation of 83.3 million new shares to be issued to Ray Tech Singapore, a unit of Unicomp Technology (Group) (SHA:688531)

The proposed issuance represents 10% of QES Group's issued shares, excluding treasury shares, at 0.53 ringgit per share, raising about 44.1 million ringgit.

The approval is subject to QES Group and its adviser UOB Kay Hian complying with the Main Market Listing Requirements and other conditions, including shareholder approval and confirmation of completion.

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