TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED ACQUISITION BY EAH OF 875,000 ORDINARY SHARES OF RM1.00 EACH IN DDSB (M) SDN BHD ("DDSB") REPRESENTING 35% EQUITY INTEREST IN DDSB FOR A TOTAL PURCHASE CONSIDERATION OF RM18,000,000 TO BE FULLY SATISFIED BY THE ISSUANCE OF 120,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN EAH ("EAH SHARE(S)" OR "SHARE(S)") AT AN ISSUE PRICE OF RM0.15 PER EAH SHARE ("PROPOSED ACQUISITION"); II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EAH FROM RM50,000,000 COMPRISING 500,000,000 EAH SHARES TO RM100,000,000 COMPRISING 1,000,000,000 EAH SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND III. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF EAH ("PROPOSED AMENDMENT") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| EA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED ACQUISITION BY EAH OF 875,000 ORDINARY SHARES OF RM1.00 EACH IN DDSB (M) SDN BHD ("DDSB") REPRESENTING 35% EQUITY INTEREST IN DDSB FOR A TOTAL PURCHASE CONSIDERATION OF RM18,000,000 TO BE FULLY SATISFIED BY THE ISSUANCE OF 120,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN EAH ("EAH SHARE(S)" OR "SHARE(S)") AT AN ISSUE PRICE OF RM0.15 PER EAH SHARE ("PROPOSED ACQUISITION"); II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EAH FROM RM50,000,000 COMPRISING 500,000,000 EAH SHARES TO RM100,000,000 COMPRISING 1,000,000,000 EAH SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND III. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF EAH ("PROPOSED AMENDMENT") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals. We refer to our earlier announcements dated 8 August 2012 and 29 August 2012. On behalf of the Board of Directors of EAH, OSK Investment Bank Berhad ("OSK") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 18 October 2012 (which was received on 19 October 2012), resolved to approve the listing of and quotation for 120,000,000 new EAH Shares to be issued pursuant to the Proposed Acquisition. The approval by Bursa Securities is subject to the following conditions:- i. EAH and OSK must fully comply with the relevant provisions under the ACE Market Listing Requirements ("ACE LR") pertaining to the implementation of the Proposed Acquisition; ii. EAH and OSK to inform Bursa Securities upon the completion of the Proposed Acquisition; iii. EAH and OSK to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Acquisition is completed; and iv. Certified true copy of the resolution passed by the shareholders in a general meeting approving the Proposed Acquisition. This announcement is dated 19 October 2012. | |
Announcement Info
| Company Name | EA HOLDINGS BERHAD (ACE Market) |
| Stock Name | EAH |
| Date Announced | 19 Oct 2012 |
| Category | General Announcement |
| Reference No | OI-121019-62578 |