Founded in 1987, Econpile is a leading specialist with a solid reputation for performance and capacity in the field of deep foundation in Malaysia. We draw on over 30 years of construction experience to offer our clients a wide range of deep foundation solutions as well as a full spectrum of time and cost efficient design-build solutions.
Bursa Announcements
Date : 30 October 2017
Circular/Notice to Shareholders
ECONPILE HOLDINGS BERHAD
Subject
ECONPILE HOLDINGS BERHAD ("ECONPILE") - CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:
(I) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE IN ECONPILE ("ECONPILE SHARE" OR "SHARE") INTO TWO (2) ECONPILE SHARES ("SPLIT SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED SHARE SPLIT");
(II) PROPOSED BONUS ISSUE OF 267,500,005 NEW SPLIT SHARES ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) SPLIT SHARES HELD ON THE SAME ENTITLEMENT DATE AS THE PROPOSED SHARE SPLIT ("PROPOSED BONUS ISSUE OF SHARES"); AND
(III) PROPOSED BONUS ISSUE OF 267,500,005 FREE WARRANTS IN ECONPILE ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) SPLIT SHARES HELD ON THE SAME ENTITLEMENT DATE AS THE PROPOSED SHARE SPLIT ("PROPOSED BONUS ISSUE OF WARRANTS")
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")