PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF KGB (EXCLUDING TREASURY SHARES) ( PROPOSED PRIVATE PLACEMENT )
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- Elvin Cummings
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1 KELINGTON GROUP BERHAD ( KGB OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 10 OF THE TOTAL NUMBER OF ISSUED SHARES OF KGB (EXCLUDING TREASURY SHARES) ( PROPOSED PRIVATE PLACEMENT ) 1. INTRODUCTION On behalf of the Board of Directors of KGB ( Board ), TA Securities Holdings Berhad ( TA Securities ) wishes to announce that the Company proposes to undertake a proposed private placement of up to ten percent (10) of the total number of issued shares of KGB (excluding treasury shares) to third party investors to be identified at an issue price to be determined later. Further details of the Proposed Private Placement are set out in the ensuing sections. 2. DETAILS OF THE PROPOSED PRIVATE PLACEMENT 2.1 Size of the Proposed Private Placement As at 26 January 2018, being the latest practicable date prior to this announcement ( LPD ), the total number of ordinary shares of KGB ( KGB Share(s) or Share(s) ) in issue is 228,714,266, excluding 1,119,900 treasury shares. As at the LPD, the Company has 53,937,631 outstanding warrants 2014/2019 constituted by a deed poll dated 30 May 2014 and expiring on 30 May 2019 ( Warrants 2014/2019 ) which are exercisable into one (1) KGB Share at an exercise price of RM0.50 each. In addition, the Company has in place an employee share grant scheme of up to seven percent (7) of the total number of issued shares of the Company (excluding treasury shares) for the eligible employees and directors of KGB and its subsidiaries ( KGB Group ) ( ESS ). As at the LPD, the Company has granted 16,000,000 KGB Shares ( ESS Shares ) to the eligible employees and directors of the KGB Group subject to certain vesting conditions and after fulfilment of certain performance target. However, only up to 1,600,000 ESS Shares are expected to be vested by June 2018 ( Expected Vesting of ESS Shares ). Assuming none of the Warrants 2014/2019 are exercised and none of ESS Shares are vested under the ESS, the size of the Proposed Private Placement entails the issuance of up to 22,871,426 new KGB Shares ( Placement Shares ), representing up to 10 of the total number of issued shares of KGB ( Minimum ). However, assuming full exercise of the Warrants 2014/2019 and the Expected Vesting of ESS Shares, the Proposed Private Placement will entail the issuance of up to 28,425,190 KGB Shares, representing 10 of the enlarged total number of issued shares of KGB ( Maximum ). The actual number of Placement Shares to be issued pursuant to the Proposed Private Placement will depend on the total number of KGB Shares on a date to be determined later, after the approval set out in Section 5 of this announcement has been obtained. [The rest of this page has been intentionally left blank] 1
2 2.2 Placement arrangement The Company intends to place out the Placement Shares to independent third party investors to be identified later other than the following: - (i) (ii) (iii) a director, major shareholder or chief executive of KGB or a holding company of KGB ( Interested Person ); a person connected with an Interested Person; and nominee corporation, unless the names of the ultimate beneficiaries are disclosed. In addition, the independent third party investors shall be persons who qualify under Schedules 6 or 7 of the Capital Markets and Services Act, Subject to market conditions and the timing of identification of placees, the Proposed Private Placement may be implemented in one (1) or more tranches within six (6) months from the date of approval from Bursa Malaysia Securities Berhad ( Bursa Securities ) for the Proposed Private Placement or any extended period as may be approved by Bursa Securities. The implementation of the placement arrangement in multiple tranches would provide flexibility to the Company to procure interested investors to subscribe for the Placement Shares within the approval period as approved by Bursa Securities. If issued in multiple tranches, the issue price for each tranche of the Placement Shares may be determined separately. 2.3 Ranking of the Placement Shares The Placement Shares shall, upon allotment and issue, rank pari passu in all respects with the existing KGB Shares, save and except that the Placement Shares will not be entitled to any dividends, rights, allotments and/or any other distributions, the entitlement date of which is prior to the date of allotment and issuance of the Placement Shares. 2.4 Listing of and quotation for the Placement Shares An application will be made to Bursa Securities for the listing of and quotation for the Placement Shares on the Main Market of Bursa Securities. 2.5 Basis of pricing The issue price of the Placement Shares shall be determined and fixed by the Board at a later date ( Price Fixing Date ), after the receipt of the relevant approvals for the Proposed Private Placement. The Placement Shares will not be priced at more than 10 discount to the five (5)-day volume weighted average market price ( 5D-VWAMP ) of KGB Shares immediately before the Price Fixing Date. For illustrative purposes, the 5D-VWAMP of KGB Shares before the date of this announcement is RM0.86 per KGB Share. Hence, for the purpose of this announcement, the assumed issue price of the Placement Shares will be RM0.82 per KGB Share, representing a discount of approximately RM0.04 or 4.65 to the 5D-VWAMP of KGB Shares before the date of this announcement. 2
3 2.6 Utilisation of proceeds Based on the assumed issue price of RM0.82 per Placement Share, the Proposed Private Placement is expected to raise gross proceeds of approximately RM million and RM million based on the Minimum and Maximum respectively and is expected to be utilised by the KGB in the following manner: - Utilisation purposes To part finance the acquiring of carbon dioxide gas purification plant To part finance the subsequent phase of the construction of carbon dioxide gas purification plant, gas manufacturing facilities and gas delivery systems To part finance the acquisition of assets for the operations of the industrial gas business division General Working Capital Estimated expenses relating to the Proposed Private Placement Notes Minimum (RM 000) Maximum (RM 000) Expected time frame for the utilisation of proceeds (from the date of listing of the Placement Shares) (1) 3,000 3,500 Within 24 months (1) 4,000 4,600 Within 24 months (2) 6,857 8,069 Within 24 months (3) 4,498 6,660 Within 24 months (4) Upon completion Total estimated expenses 18,755 23,309 (1) As announced by the Company on 20 November 2017, the Group will be constructing a carbon dioxide gas purification plant in Kerteh, Terengganu for an estimated cost of up to RM60.0 million, following a supply agreement which was entered between KGB s 94-owned subsidiary, Ace Gases Sdn Bhd ( AGSB ) and Petroliam Nasional Bhd ( Petronas ). Pursuant to the agreement, AGSB will be purchasing in excess of 50,000 tonnes of carbon dioxide waste gas per year from Petronas gas processing plant in Kerteh, Terengganu. The carbon dioxide waste gas would be purified to produce liquid carbon dioxide to be sold to end users. The construction of the gas plant is expected to commence in June 2018 and is expected to be completed within 12 months from the date of commencement of construction. The financing of the aforesaid plant will be through internal generated funds, funds raised from the Proposed Private Placement and external borrowings and/or debt issue. The exact breakdown between the use of internally generated funds, external borrowings and/or debt issue will only be determined at a later stage. 3
4 (2) Further details are as follows :- Minimum RM 000 Maximum RM 000 To part finance the acquisition of industrial gas 4,857 5,569 plants to support on-site gas supply orders To part finance the acquisition of four (4) units of 2,000 2,500 prime movers, four (4) units of tankers and eight (8) units of storage tanks Total 6,857 8,069 (3) The working capital is expected to be utilised in KGB s industrial gas business as follows:- Payment to future trade creditors for purchase of raw materials such as liquid nitrogen, oxygen, argon etc Salaries for engineers and technical personnel to be recruited Minimum RM 000 Maximum RM 000 1,586 3,410 2,200 2,500 Logistics Expenses General Expenses (such as utilities and office expenses) Other costs related to facilitate the maintenance and operations Total 4,498 6,660 The actual utilisation for working capital purposes may differ subject to the operational requirements and business dynamics at the time of utilisation. (4) Estimated expenses include professional fees, fees payable to authorities, placement commission, and other miscellaneous expenses. Any shortfall or excess in the funds allocated for estimated expenses will be funded from or used for working capital purposes. The actual proceeds to be raised from the Proposed Private Placement will depend on the final issue price of the Placement Shares and the number of Placement Shares issued. Any shortfall/surplus in proceeds from the expected amount will be adjusted against the amount allocated for working capital of the KGB Group. Pending utilisation of the proceeds from the Proposed Private Placement for the abovementioned purposes, the proceeds will be placed in deposits with financial institutions or short-term money market instruments, as the Board may deem fit. Any interest income earned from such deposits or instruments will be utilised for working capital of the Group. [The rest of this page has been intentionally left blank] 4
5 3. RATIONALE FOR THE PROPOSED PRIVATE PLACEMENT The Proposed Private Placement will enable KGB to raise funds for purposes as detailed in Section 2.6 of this announcement and is in line with the Group s strategy in growing its recurring income and expanding into the industrial gas business. The new venture into the industrial gases business complements with KGB s existing projectbased business model of providing engineering services and is expected to contribute positively to the future financial performance of the Group. After due consideration of the various methods of fund raising, the Board is of the opinion that the Proposed Private Placement is the most appropriate avenue of fund raising at this juncture as it would enable the Company to raise funds expeditiously without incurring interest costs as compared to bank borrowings. Upon completion of the Proposed Private Placement, the enlarged capital base is also expected to further strengthen the financial position of the Company. 4. EFFECTS OF THE PROPOSED PRIVATE PLACEMENT 4.1 Share capital The proforma effects of the Proposed Private Placement on the share capital of KGB as at the LPD are as follows: - Minimum Maximum ( 000) RM 000 ( 000) RM 000 Issued share capital as at LPD excluding treasury shares 228,714 24, ,714 24,140 Assuming full exercise of Warrants 2014/ ,938 26,969 (1) Assuming the Expected Vesting of the ESS Shares - - 1, ,714 24, ,252 51,109 Placement Shares 22,871 18,754 (2) 28,425 23,309 (2) Enlarged Issued Share Capital 251,585, 42, ,677 74,418 (1) Based on the conversion price of RM0.50 per Warrant 2014/2019. (2) Based on the indicative issue price of RM0.82 per Placement Shares, representing a discount of approximately RM0.04 or 4.65 to the 5D-VWAMP of KGB Shares of RM0.86 before the date of this announcement [The rest of this page has been intentionally left blank] 5
6 4.2 Net assets ( NA ) and gearing The proforma effects of the Proposed Private Placement on the NA and gearing of KGB Group are illustrated below: Minimum (Audited) (I) (II) As at 31 December 2016 Subsequent events up to LPD After (I) and the Proposed Private Placement (RM'000) (RM'000) (RM'000) Share capital 22,238 24,140 (1) 42,894 (2) Reserves 44,337 51,164 50,764 (3) Shareholders fund/na 66,575 75,304 93,658 No. of KGB Shares in issue ( 000) 222, ,714 (6) 251,585 NA per KGB Share (RM) Total borrowings (RM 000) (4) 24,561 26,507 26,507 Gearing (5) (times) (1) After taking into consideration the exercise of 7,458,835 options into KGB Shares pursuant to the Company s employee share option scheme which has been terminated on 1 November (2) Based on indicative issue price of RM0.82 per Placement Share, representing a discount of approximately RM0.04 or 4.65 to the 5D-VWAMP of KGB Shares of RM0.86 before the date of this announcement. (3) After deduction of estimated expenses of RM400,000 in relation to the Proposed Private Placement. (4) Comprising all interest-bearing borrowings. (5) Gearing is calculated as total borrowings divided by NA. (6) Excluding 1,119,900 treasury shares. [The rest of this page has been intentionally left blank] 6
7 Maximum (Audited) (I) (II) (III) As at 31 December 2016 Subsequent events up to LPD After (I) and assuming the full exercise of Warrants 2014/2019 and Expected Vesting of ESS Shares After (II) and the Proposed Private Placement (RM'000) (RM'000) (RM'000) (RM'000) Share capital 22,238 24,140 (1) 51,109 (2) 74,418 (3) Reserves 44,337 51,164 51,164 50,684 (4) Shareholders fund/na 66,575 75, , ,102 No. of KGB Shares in issue ( 000 ) NA per KGB Share (RM) Total borrowings (RM 000) (5) Gearing (6) (times) 222, ,714 (7) 284, , ,561 26,507 26,507 26, (1) After taking into consideration the exercise of 7,458,835 options into KGB Shares pursuant to the Company s employee share option scheme which has been terminated on 1 November (2) Assuming the full exercise of Warrants 2014/2019 based on an exercise price of RM0.50 per Warrant 2014/2019. (3) Based on indicative issue price of RM 0.82 per Placement Share, representing a discount of approximately RM0.04 or 4.65 to the 5D-VWAMP of KGB Shares of RM0.86 before the date of this announcement. (4) After deduction of estimated expenses of RM480,000 in relation to the Proposed Private Placement. (5) Comprising all interest-bearing borrowings. (6) Gearing is calculated as total borrowings divided by NA. (7) Excluding 1,119,900 treasury shares. 4.3 Earnings and earnings per KGB Share ( EPS ) The Proposed Private Placement is not expected to have any immediate material effect on the earnings of the Group for the financial year ending 31 December However, the EPS of the Group shall be diluted as a result of the increase in the number of KGB Shares in issue pursuant to the issuance of the Placement Shares. Nevertheless, the Proposed Private Placement is expected to contribute positively to the future earnings of the Group when the benefits of the utilisation of proceeds are realised. 7
8 4.4 Substantial shareholders shareholdings The proforma effects of the Proposed Private Placement on the substantial shareholders shareholdings are as follows:- Minimum As at the LPD After the Proposed Private Placement Direct Indirect Direct Indirect Palace Star Sdn. Bhd. 92,299, ,299, Sun Lead International Limited 19,817, ,817, Gan Hung Keng 1,946, ,299,290 (1) (1) 1,946, ,299,290 (1) (1) Ong Weng Leong 1,946, ,299,290 (1) (1) 1,946, ,299,290 (1) (1) Cham Teck Kuang ,299,290 (1) (1) ,299,290 (1) (1) Hu Ke Qin ,299,290 (1) (1) ,299,290 (1) (1) Fortune Dragon Holding Inc ,817,733 (2) 8.66 (2) ,817,733 (2) 7.88 (2) Lien Hwa Industrial Corp ,817,733 (3) 8.66 (3) ,817,733 (3) 7.88 (2) (1) Deemed interested under Section 8 of the Companies Act 2016 ( Act ) by virtue of their direct interests in Palace Star Sdn. Bhd. (2) Deemed interested under Section 8 of the Act by virtue of its direct interests in Sun Lead International Limited. (3) Deemed interested under Section 8 of the Act by virtue of its direct interest in Fortune Dragon Holding Inc. 8
9 Maximum As at the LPD (I) Assuming the full exercise of Warrants 2014/2019 and Expected Vesting of ESS Shares After (I) and the Proposed Private Placement Direct Indirect Direct Indirect Direct Indirect Palace Star Sdn. Bhd. 92,299, ,606,162 (4) ,606, Sun Lead International Limited 19,817, ,817, ,817, Gan Hung Keng 1,946, ,299,290 (1) (1) 2,106,699 (5) ,606,162 (1) (1) 2,106, ,606,162 (1) (1) Ong Weng Leong Cham Teck Kuang 1,946, ,299,290 (1) (1) 2,106,000 (6) ,606,162 (1) (1) 2,106, ,606,162 (1) (1) ,299,290 (1) (1) ,606,162 (1) (1) ,606,162 (1) (1) Hu Ke Qin ,299,290 (1) (1) ,606,162 (1) (1) ,606,162 (1) (1) Fortune Dragon Holding Inc Lien Hwa Industrial Corp ,817,733 (2) 8.66 (2) ,817,733 (2) 6.97 (2) ,817,733 (2) 6.34 (2) ,817,733 (3) 8.66 (3) ,817,733 (3) 6.97 (3) ,817,733 (3) 6.34 (3) (1) Deemed interested under Section 8 of the Act by virtue of their direct interests in Palace Star Sdn. Bhd. (2) Deemed interested under Section 8 of the Act by virtue of its direct interests in Sun Lead International Limited. (3) Deemed interested under Section 8 of the Act by virtue of its direct interest in Fortune Dragon Holding Inc. (4) Based on 18,306,872 Warrants 2014/2019 as at the LPD. (5) Based on 33 Warrants 2014/2019 as at the LPD and assuming the ESS Shares of 160,000 granted to him has been vested. (6) Assuming the ESS Shares of 160,000 granted to him has been vested. 9
10 4.5 Convertible securities As at the LPD, save for the outstanding Warrants 2014/2019, the Company does not have any other outstanding convertible securities. As at the LPD, the Company has granted 16,000,000 ESS Shares to the eligible employees and directors of the KGB Group subject to certain vesting conditions and after fulfilment of certain performance target, which have yet to be vested. 5. APPROVALS REQUIRED The Proposed Private Placement is subject to and conditional upon the approvals being obtained from Bursa Securities for the listing of and quotation for the Placement Shares on the Main Market of Bursa Securities. KGB has obtained the approvals of its shareholders at the Company s seventeenth (17 th ) annual general meeting ( AGM ) convened on 13 June 2017 and all the resolutions set out in the notice of AGM were duly passed, and pursuant to Section 75 and 76 of the Act (previously Section 132D of the Act and the approvals of the relevant governmental and/or regulatory authorities, the Directors are empowered to issue shares in the Company from time to time and upon such terms and conditions and for such purposes as the Directors may deem fit provided that the aggregate number of shares issued pursuant to the resolution in any one (1) financial year does not exceed 10 of the total number of issued shares of the Company for the time being and that the Directors are also empowered to obtain the approval for the listing of and quotation for the additional shares so issued on Bursa Securities and that such authority shall continue in force until the conclusion of the next AGM of the Company. The Proposed Private Placement is not inter-conditional upon any other corporate exercise being undertaken by the Company which has been announced but pending completion. 6. DIRECTORS AND MAJOR SHAREHOLDERS INTERESTS None of the Directors, major shareholders and/or persons connected with them has any interest, direct and indirect, in the Proposed Private Placement in view of the fact that the Placement Shares will not be placed to them as mentioned in Section 2.2 of this announcement. 7. DIRECTORS STATEMENT The Board, having considered all aspect of the Proposed Private Placement, are of the opinion that the Proposed Private Placement is in the best interest of the Group. 8. APPLICATION TO THE RELEVANT AUTHORITIES An application for the listing of and quotation for the Placement Shares shall be submitted to Bursa Securities within one (1) month from the date of this announcement. 9. ESTIMATED TIME FRAME FOR COMPLETION Barring any unforeseen circumstances and subject to the approval from Bursa Securities being obtained, the Proposed Private Placement is expected to be implemented by the second (2 nd ) quarter of
11 10. ADVISER AND PLACEMENT AGENT TA Securities has been appointed as the Principal Adviser and Placement Agent to the Proposed Private Placement. This announcement is dated 2 February [The rest of this page has been intentionally left blank] 11
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HARTALEGA ( HARTALEGA OR THE COMPANY ) PROPOSED BONUS ISSUE 1. INTRODUCTION On behalf of the Board of Directors of Hartalega ( Board ), RHB investment Bank Berhad ( RHB Investment Bank ) wishes to announce
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LAY HONG BERHAD ( LHB OR THE COMPANY ) PROPOSED BONUS ISSUE OF SHARES; PROPOSED SHARE SPLIT; PROPOSED FREE WARRANTS ISSUE; PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL; AND PROPOSED AMENDMENT (COLLECTIVELY
More informationThe Split Shares will, upon allotment and issuance, rank pari passu in all respects with each other.
EXCEL FORCE MSC BERHAD ( EFORCE OR THE COMPANY ) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN EFORCE ( EFORCE SHARES ) INTO 2 ORDINARY SHARES IN EFORCE ( SPLIT SHARES
More informationproposed amendments to the Memorandum and Articles of Association of ITCB ( Proposed Amendments );
IRE-TEX CORPORATION BERHAD ( ITCB OR THE COMPANY ) (I) (II) (III) (IV) (V) PROPOSED SHARE SPLIT; PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; PROPOSED AMENDMENTS; PROPOSED PRIVATE PLACEMENT; AND PROPOSED
More informationSUNWAY BERHAD ( SUNWAY OR THE COMPANY )
SUNWAY BERHAD ( SUNWAY OR THE COMPANY ) (I) (II) PROPOSED BONUS ISSUE OF UP TO 2,804,471,128 NEW ORDINARY SHARES IN SUNWAY ( SUNWAY SHARES OR SHARES ) ( BONUS SHARES ) ON THE BASIS OF FOUR (4) BONUS SHARES
More informationFurther details of the Proposed Private Placement are set out in the ensuing sections.
N2N CONNECT BERHAD ( N2N OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT 1. INTRODUCTION On behalf of the Board of s of N2N ( Board ), Affin Hwang Investment Bank Berhad ( Affin Hwang IB ) wishes to announce
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF 3A ("PROPOSED PRIVATE PLACEMENT")
THREE-A RESOURCES BERHAD ("3A" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF 3A ("PROPOSED PRIVATE PLACEMENT") 1. INTRODUCTION On behalf of the Board
More informationFurther details on the Proposals are set out in the ensuing sections of this announcement.
CCK CONSOLIDATED HOLDINGS BERHAD ( CCK OR THE COMPANY ) (I) (II) PROPOSED SUBDIVISION; AND PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS PROPOSALS ) 1. INTRODUCTION On behalf of the Board
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF DAYANG ( PROPOSAL )
DAYANG ENTERPRISE HOLDINGS BERHAD ( DAYANG OR COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF DAYANG ( PROPOSAL ) 1. INTRODUCTION On behalf of the Board of Directors
More informationDENKO INDUSTRIAL CORPORATION BERHAD ( DENKO OR THE COMPANY )
DENKO INDUSTRIAL CORPORATION BERHAD ( DENKO OR THE COMPANY ) (I) (II) HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN INTEGRATED MANUFACTURING SOLUTIONS SDN
More informationPROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME OF UP TO 30% OF THE ISSUED AND PAID-UP SHARE CAPITAL (EXCLUDING TREASURY SHARES) OF LNGRES
LNG RESOURCES BERHAD ( LNGRES OR COMPANY ) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME OF UP TO 30% OF THE ISSUED AND PAID-UP SHARE CAPITAL (EXCLUDING TREASURY SHARES) OF LNGRES 1. INTRODUCTION
More informationPROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN HLFG ( HLFG SHARES ) TO RAISE GROSS PROCEEDS OF UP TO RM1.
HONG LEONG FINANCIAL GROUP BERHAD ( HLFG ) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN HLFG ( HLFG SHARES ) TO RAISE GROSS PROCEEDS OF UP TO RM1.1 BILLION 1. INTRODUCTION
More information(The Proposed Share Split and the Proposed Amendment are collectively referred to as the Proposals.) Basis and number of the Subdivided Shares
V.S. INDUSTRY BERHAD ( VSIB OR COMPANY ) (I) (II) PROPOSED SHARE SPLIT; AND PROPOSED AMENDMENT 1. INTRODUCTION On behalf of the Board of Directors of VSIB ( Board ), Maybank Investment Bank Berhad ( Maybank
More informationAIRASIA X BERHAD ( AAX OR THE COMPANY )
AIRASIA X BERHAD ( AAX OR THE COMPANY ) I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM0.15 EACH IN AAX ( AAX SHARES ) ( RIGHTS SHARES ) TOGETHER WITH FREE DETACHABLE WARRANTS ( WARRANTS
More informationfulfils any other criteria and/or falls within such category as may be determined by the Option Committee from time to time.
MALAYSIA BUILDING SOCIETY BERHAD ( MBSB OR COMPANY ) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME ( ESOS ) OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL (EXCLUDING TREASURY SHARES)
More informationPETRA ENERGY BERHAD ( PEB OR COMPANY )
PETRA ENERGY BERHAD ( PEB OR COMPANY ) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 107,250,000 NEW ORDINARY SHARES OF RM0.50 EACH IN PEB ( RIGHTS SHARES ) AT AN ISSUE PRICE TO BE DETERMINED LATER ON THE
More informationFurther details on the Proposed Bonus Issue are set out in the ensuing sections.
( HUA YANG OR THE COMPANY ) OF 88,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN HUA YANG ( BONUS SHARE(S) ) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM1.00 EACH
More informationThe salient terms and conditions of the Proposed SIS, which are governed by the By-Laws are set out as below:
MUHIBBAH ENGINEERING (M) BHD ( MEB OR THE COMPANY ) PROPOSED ESTABLISHMENT OF A NEW SHARE ISSUANCE SCHEME ( SIS ) OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN MEB (EXCLUDING TREASURY SHARES) AT
More informationFurther details of the Proposed Free Warrants Issue are set out in the ensuing sections.
HIBISCUS PETROLEUM BERHAD ( HIBISCUS PETROLEUM OR COMPANY ) PROPOSED FREE WARRANTS ISSUE 1. INTRODUCTION On behalf of the Board of Directors of Hibiscus Petroleum ( Board ), RHB Investment Bank Berhad
More informationFurther details of the Proposed Bonus Issue are set out in the ensuing sections of this announcement.
KAWAN FOOD BERHAD ( KAWAN OR COMPANY ) PROPOSED BONUS ISSUE OF 89,879,940 NEW ORDINARY SHARES IN KAWAN 1. INTRODUCTION On behalf of the Board of Directors of ( Board ), Alliance Investment Bank Berhad
More informationFurther details on the Proposed Rights Issue of Warrants are set out in the ensuing sections of this announcement.
GAMUDA BERHAD ( GAMUDA OR THE COMPANY ) PROPOSED RIGHTS ISSUE OF WARRANTS 1. INTRODUCTION On behalf of the Board of Directors of Gamuda ( Board ), RHB Investment Bank Berhad ( RHB Investment Bank ) wishes
More informationFurther details on the Proposed Two-Call Rights Issue are set out below in the ensuing sections of this announcement.
DUFU TECHNOLOGY CORP. BERHAD ( DUFU OR COMPANY ) PROPOSED RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF UP TO 60,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN DUFU ( RIGHTS SHARES ) ON THE BASIS OF ONE (1) RIGHTS
More informationMALAYSIA BUILDING SOCIETY BERHAD ( MBSB OR COMPANY )
MALAYSIA BUILDING SOCIETY BERHAD ( MBSB OR COMPANY ) PROPOSED RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB ( MBSB SHARES OR SHARES ) TO RAISE GROSS PROCEEDS OF UP TO
More informationthe issue of new ordinary shares of RM0.50 each (unless otherwise adjusted) in HLI ( New HLI Shares );
HONG LEONG INDUSTRIES BERHAD PROPOSED ESTABLISHMENT OF AN EXECUTIVE SHARE GRANT SCHEME 1. INTRODUCTION On behalf of Hong Leong Industries Berhad ( HLI or the Company ), Hong Leong Investment Bank Berhad
More informationFor illustration purposes, the number of Rights Shares that would be issued under the Proposed Rights Issue would be:-
IOI PROPERTIES GROUP BERHAD ( IOIPG OR THE COMPANY ) PROPOSED RIGHTS ISSUE 1. INTRODUCTION On behalf of the Board of Directors of IOIPG ( Board ), AmInvestment Bank Berhad ( AmInvestment Bank ) wishes
More informationZECON BERHAD ( ZECON OR COMPANY ) AND ITS SUBSIDIARY COMPANIES ( GROUP )
( ZECON OR COMPANY ) AND ITS SUBSIDIARY COMPANIES ( GROUP ) (I) (II) (III) (IV) (V) (VI) PROPOSED PAR VALUE REDUCTION PROPOSED AMENDMENTS PROPOSED BONUS ISSUE OF SHARES PROPOSED RIGHTS ISSUE OF RCULS WITH
More information(collectively referred to as the Maximum Scenario ).
YNH PROPERTY BERHAD ( YNH OR THE COMPANY ) (I) (II) (III) PROPOSED BONUS ISSUE; PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS PROPOSALS ) 1. INTRODUCTION
More informationEA HOLDINGS BERHAD ("EAH" OR THE "COMPANY")
EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED CAPITAL REDUCTION EXERCISE VIA THE REDUCTION AND CANCELLATION OF THE SHARE CAPITAL OF EAH WHICH IS LOST OR UNREPRESENTED BY AVAILABLE ASSETS TO THE
More informationIn any event, the actual number of Bonus Shares to be issued will depend on the number of MCHB Shares in issue on the Entitlement Date.
MATRIX CONCEPTS HOLDINGS BERHAD ( OR COMPANY ) PROPOSED BONUS ISSUE OF UP TO 163,941,084 NEW ORDINARY SHARES IN ( SHARES ) ( BONUS SHARES ) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING
More informationSYARIKAT TAKAFUL MALAYSIA BERHAD ( TAKAFUL MALAYSIA OR COMPANY )
SYARIKAT TAKAFUL MALAYSIA BERHAD ( TAKAFUL MALAYSIA OR COMPANY ) PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TAKAFUL MALAYSIA
More informationPROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION ( M&A ) OF BHB ("PROPOSED AMENDMENTS")
BOUSTEAD HOLDINGS BERHAD ( BHB OR COMPANY ) I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 413,671,221 NEW ORDINARY SHARES OF RM0.50 EACH IN BHB ( BHB SHARES ) ( RIGHTS SHARES ) ON THE BASIS OF 2 RIGHTS
More informationINARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD) ( INARI OR COMPANY )
INARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD) ( INARI OR COMPANY ) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF INARI AND ITS SUBSIDIARIES
More informationThe Proposed Bonus Issue, the Proposed Share Split and the Proposed M&A Amendment shall collectively be referred to as the Proposals.
BONIA CORPORATION BERHAD ( BONIA OR COMPANY ) (I) (II) (III) PROPOSED BONUS ISSUE PROPOSED SHARE SPLIT; AND PROPOSED M&A AMENDMENT This announcement is dated 25 April 2014. 1. INTRODUCTION On behalf of
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 59,899,800 NEW ORDINARY SHARES OF RM0.50 EACH IN OMESTI, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED
OMESTI BERHAD ( OMESTI OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 59,899,800 NEW ORDINARY SHARES OF RM0.50 EACH IN OMESTI, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED 1. INTRODUCTION
More informationShareholders shall have the following options in respect of the Proposed DRS as may be made available by the Board in its absolute discretion:
SUNWAY BERHAD ( SUNWAY OR THE COMPANY ) PROPOSED DIVIDEND REINVESTMENT SCHEME ( PROPOSED DRS ) 1. INTRODUCTION On behalf of the Board of Directors of Sunway ( Board ), Kenanga Investment Bank Berhad (
More informationFurther details on the Proposed Bonus Issue are set out in the ensuing sections.
MALAYSIA STEEL WORKS (KL) BHD ( MASTEEL OR THE COMPANY ) PROPOSED BONUS ISSUE OF UP TO 106,810,281 NEW ORDINARY SHARES IN MASTEEL ( MASTEEL SHARE(S) OR SHARE(S) ) ( BONUS SHARE(S) ) ON THE BASIS OF 1 BONUS
More informationproposed amendments to the Memorandum and Articles of Association of GBGAQRS ( Proposed Amendments ).
( GBGAQRS OR THE COMPANY ) PROPOSED BONUS ISSUE OF WARRANTS; PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND PROPOSED AMENDMENTS COLLECTIVELY REFERRED TO AS THE PROPOSALS 1.0 INTRODUCTION On behalf
More informationPROPOSED CHANGE IN THE COMPOSITION AND INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY; AND
MALAYSIA BUILDING SOCIETY BERHAD ( MBSB OR COMPANY ) (A) (B) (C) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN MBSB TOGETHER WITH NEW FREE DETACHABLE WARRANTS TO RAISE GROSS
More informationFurther details on the Proposed Bonus Issue are set out in the following sections.
HUA YANG BERHAD ( HYB OR THE COMPANY ) PROPOSED BONUS ISSUE OF 18,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN HYB ( HYB SHARE(S) OR SHARE(S) ) ( BONUS SHARE(S) ) ON THE BASIS OF ONE (1) BONUS SHARE FOR
More information(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF EGIB TO FACILITATE THE ISSUANCE OF RCPS ( PROPOSED AMENDMENTS )
EG INDUSTRIES BERHAD ( EGIB OR COMPANY ) (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 67,296,172 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES ( RCPS ) AT AN INDICATIVE ISSUE PRICE OF RM0.95 PER RCPS
More informationFurther details on the Proposed Bonus Issue are set out in the ensuing sections.
BOUSTEAD PLANTATIONS BERHAD ( BPB OR COMPANY ) PROPOSED BONUS ISSUE OF 640,000,000 NEW ORDINARY SHARES IN BPB ( BPB SHARES ) ( BONUS SHARES ) ON THE BASIS OF 2 BONUS SHARES FOR EVERY 5 EXISTING BPB SHARES
More informationamendments to the Memorandum and Articles of Association ( M&A ) of WZ Satu ( Proposed Amendments ).
WZ SATU BERHAD ( WZ SATU OR THE COMPANY ) (I) (II) (III) (IV) (V) PROPOSED PRIVATE PLACEMENT PROPOSED BONUS ISSUE PROPOSED LONG TERM INCENTIVE PLAN PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL PROPOSED
More information2.1.1 Proposed Employee Share Option Scheme ( Proposed ESOS )
CORPORATION BERHAD ( ) PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF AND ITS SUBSIDIARIES ( GROUP ) ( PROPOSED LTIP ) 1. INTRODUCTION On behalf of the
More informationFurther details of the Proposed Bonus Issue are set out below.
ECS ICT BERHAD ( ECSB OR COMPANY ) PROPOSED BONUS ISSUE OF 60,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN ECSB ( ECSB SHARES OR SHARES ) ( BONUS SHARES ) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS
More informationPROPOSED TERMINATION OF THE EXISTING EXECUTIVE SHARE OPTION SCHEME PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE OPTION SCHEME
HONG LEONG INDUSTRIES BERHAD (I) (II) PROPOSED TERMINATION OF THE EXISTING EXECUTIVE SHARE OPTION SCHEME PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE OPTION SCHEME 1. Introduction On behalf of Hong
More informationGADANG HOLDINGS BERHAD ( GADANG OR THE COMPANY ) PROPOSED SHARE SPLIT; PROPOSED BONUS ISSUE OF SHARES; PROPOSED BONUS ISSUE OF WARRANTS;
GADANG HOLDINGS BERHAD ( GADANG OR THE COMPANY ) (I) (II) (III) (IV) (V) (VI) PROPOSED SHARE SPLIT; PROPOSED BONUS ISSUE OF SHARES; PROPOSED BONUS ISSUE OF WARRANTS; PROPOSED ESOS; PROPOSED INCREASE IN
More informationRCE CAPITAL BERHAD ( RCE OR COMPANY )
RCE CAPITAL BERHAD ( RCE OR COMPANY ) Proposed Bonus Issue Proposed Rights Issue Proposed Exemption Proposed Increase In Authorised Share Capital Proposed Amendments I Proposed Amendments II 1. INTRODUCTION
More informationBURSA MALAYSIA BERHAD ( BMB OR COMPANY )
BURSA MALAYSIA BERHAD ( BMB OR COMPANY ) (I) PROPOSED BONUS ISSUE OF UP TO 269,834,150 NEW ORDINARY SHARES IN BMB ( BMB SHARES ) ( BONUS SHARES ) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING
More informationFurther details of the Proposed Free Warrants Issue are set out in ensuing sections.
DATASONIC GROUP BERHAD ( DATASONIC OR COMPANY ) PROPOSED ISSUANCE OF 675,000,000 FREE WARRANTS IN DATASONIC ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES IN DATASONIC
More informationAEON CREDIT SERVICE (M) BERHAD ( ACSM OR COMPANY )
AEON CREDIT SERVICE (M) BERHAD ( ACSM OR COMPANY ) (I) PROPOSED BONUS ISSUE OF 72,000,000 NEW ORDINARY SHARES IN ACSM ( BONUS SHARES ) AT AN ISSUE PRICE OF RM0.50 EACH TO BE CAPITALISED FROM THE COMPANY
More information(The Proposed Rights Issue and the Proposed Exemption shall collectively be referred to as the Proposals ).
ASIAN PAC HOLDINGS BERHAD ( ASIAN PAC OR THE COMPANY ) (I) (II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO RM99,256,461 NOMINAL VALUE OF 5-YEAR 3% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS TO BE
More informationWILLOWGLEN MSC BERHAD ( WILLOWGLEN OR THE COMPANY ) PROPOSED BONUS ISSUE 1. INTRODUCTION
WILLOWGLEN MSC BERHAD ( WILLOWGLEN OR THE COMPANY ) PROPOSED BONUS ISSUE 1. INTRODUCTION On behalf of the Board of Directors of Willowglen ( Board ), Mercury Securities Sdn Bhd ( Mercury Securities ) wishes
More informationFurther details of the Proposed Settlement are set out in the ensuing sections.
HIBISCUS PETROLEUM BERHAD ( HIBISCUS PETROLEUM OR COMPANY ) PROPOSED SETTLEMENT OF AMOUNT OWING TO PING PETROLEUM LIMITED ( PING ) VIA ISSUANCE OF UP TO 4.88% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 71,097,134 NEW ORDINARY SHARES OF RM0.10 EACH IN RCE TO INVESTOR(S) ( PROPOSED PRIVATE PLACEMENT ); AND
ANNOUNCEMENT TO BURSA MALAYSIA SECURITIES BERHAD RCE CAPITAL BERHAD ( RCE OR COMPANY ) (A) PROPOSED PRIVATE PLACEMENT OF UP TO 71,097,134 NEW ORDINARY SHARES OF RM0.10 EACH IN RCE TO INVESTOR(S) ( PROPOSED
More informationGAMUDA BERHAD ("GAMUDA" OR THE "COMPANY")
GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY") I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 759,577,141 WARRANTS IN GAMUDA ("WARRANT(S) F") ON THE BASIS OF ONE (1) WARRANT F AT AN ISSUE PRICE OF RM0.25 PER
More informationPROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF SEGi ("PROPOSED AMENDMENTS")
SEG INTERNATIONAL BHD ("SEGi" OR THE "COMPANY") I. PROPOSED CAPITAL REDUCTION AND REPAYMENT OF RM0.15 IN CASH FOR EACH ORDINARY SHARE OF RM0.25 EACH IN SEGi ("SEGi SHARE(S)") TO THE SHAREHOLDERS OF SEGi
More informationThe summary of the material amendments to the scheme of the Proposed Regularisation Plan are as follows:- SSA
ASIA KNIGHT BERHAD ( A-KNIGHT OR THE COMPANY ) (I) (II) (III) (IV) (V) (VI) (VII) PROPOSED SHARE PREMIUM REDUCTION; PROPOSED CAPITAL REDUCTION; PROPOSED RIGHTS ISSUE WITH WARRANTS; PROPOSED ACQUISITION;
More informationTRIVE PROPERTY GROUP BERHAD (FORMERLY KNOWN AS ETI TECH CORPORATION BERHAD) ( TRIVE OR THE COMPANY )
TRIVE PROPERTY GROUP BERHAD (FORMERLY KNOWN AS ETI TECH CORPORATION BERHAD) ( TRIVE OR THE COMPANY ) (I) (II) PROPOSED REDUCTION OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF TRIVE INVOLVING THE
More informationFurther details of the Proposed Share Capital Reduction are set out in the ensuing sections.
KEY ASIC BERHAD ( KEY ASIC OR THE COMPANY ) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF KEY ASIC PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ( ACT ) ( PROPOSED SHARE CAPITAL REDUCTION ) 1.
More informationproposed subdivision of every one (1) GDEX Shares into two (2) Subdivided Shares in GDEX ( Proposed Share Split );
GD EXPRESS CARRIER BHD ( GDEX OR THE COMPANY ) (I) (II) (III) PROPOSED SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.10 EACH IN GDEX ( GDEX SHARES ) INTO TWO (2) ORDINARY SHARES OF RM0.05
More informationPROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF TCB ( PROPOSED AMENDMENTS ); AND
TALIWORKS CORPORATION BERHAD ( TCB OR THE COMPANY ) (I) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN TCB HELD BY THE ENTITLED SHAREHOLDERS
More informationOn behalf of the board of Pelaburan Hartanah Nasional Berhad ( PHNB or Manager ) ( Board ), MIDF Investment, wishes to announce the following:
AMANAH HARTA TANAH PNB ( AHP OR THE TRUST ) (I) (II) Acquisition by AmanahRaya Trustees Berhad ( Trustee ) for and on behalf of AHP, of the piece of land held in perpetuity under Lot No. P.T. 557, Title
More informationTO FACILITATE A PLACEMENT EXERCISE ( PROPOSED PLACEMENT );
AXIS REAL ESTATE INVESTMENT TRUST ( AXIS-REIT OR FUND ) (I) (II) PROPOSED UNIT SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE EXISTING UNIT IN AXIS-REIT ( EXISTING UNIT ) HELD BY THE ENTITLED UNITHOLDERS
More informationBORNEO OIL BERHAD (Company No.: H) (Incorporated in Malaysia)
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, solicitor, accountant
More information(b) all outstanding warrants 2016/2021 ( IDEALUBB Warrants ) with new warrants to be issued by Newco ( Newco Warrants ) on a one-for-one basis;
IDEAL UNITED BINTANG BERHAD ( IDEALUBB OR THE COMPANY ) PROPOSED INTERNAL REORGANISATION 1. INTRODUCTION On behalf of the Board of Directors of IDEALUBB ( Board ), M&A Securities Sdn Bhd wishes to announce
More informationPROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN CHIN HIN
CHIN HIN GROUP BERHAD ( CHIN HIN OR THE COMPANY ) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN CHIN HIN 1. INTRODUCTION On behalf of the Board of Directors of Chin Hin ( Board ), M&A
More informationPROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; AND
PCCS GROUP BERHAD ( PCCS OR THE COMPANY ) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS; AND PROPOSED EXEMPTION 1. INTRODUCTION On behalf of the Board of Directors of PCCS ( Board ), Kenanga Investment
More informationPROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION ( M&A ) OF S P SETIA ( PROPOSED AMENDMENTS )
S P SETIA BERHAD ( S P SETIA OR COMPANY ) (i) (iii) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,069,686,243 NEW ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.01 EACH IN S P SETIA ( RCPS-i )
More informationOn behalf of the Board of Directors of N2N ( Board ), HwangDBS Investment Bank Berhad ( HwangDBS ) wishes to announce that the Company has:
N2N CONNECT BERHAD ( N2N OR COMPANY ) PROPOSED PRIVATE PLACEMENT; PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND PROPOSED M&A AMENDMENT. 1. INTRODUCTION On behalf of the Board of Directors of N2N (
More informationPROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF THE COMPANY ( PROPOSED AMENDMENT )
BURSA MALAYSIA BERHAD ( BURSA MALAYSIA OR COMPANY ) PROPOSED ESTABLISHMENT OF A SHARE GRANT PLAN OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF THE COMPANY (EXCLUDING TRASURY
More information(Collectively, the Proposed Par Value Reduction and Proposed ESOS are referred to as the Proposals )
TANJUNG OFFSHORE BERHAD ( TANJUNG OR THE COMPANY ) (I) (II) PROPOSED PAR VALUE REDUCTION; AND PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE PROPOSALS ) 1. INTRODUCTION On behalf of the Board of Directors
More information