Subject | INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE TRANSFER OF LISTING OF ICT ZONE ASIA BERHAD ("ICT ZONE ASIA" OR "COMPANY") FROM THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") TO THE ACE MARKET OF BURSA SECURITIES COMPRISING: (A) PUBLIC ISSUE OF 133,000,000 NEW ORDINARY SHARES IN ICT ZONE ASIA ("SHARES") IN THE FOLLOWING MANNER: (I) 39,772,800 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 4,136,400 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE PERSONS; AND (III) 89,090,800 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY ("MITI"), AND (B) OFFER FOR SALE OF 21,000,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT IN THE FOLLOWING MANNER: (I) 10,340,900 SHARES TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MITI; AND (II) 10,659,100 SHARES TO SELECTED INVESTORS, AT AN ISSUE/OFFER PRICE OF RM0.20 PER SHARE, PAYABLE IN FULL UPON APPLICATION |