Investor Relations

Bursa Announcements

Date : 07 November 2002

Circular/Notice to Shareholders

AUSTRAL AMALGAMATED BERHAD

SubjectCIRCULAR TO SHAREHOLDERS in relation to

I) THE RECONSTRUCTION OF THE SHARE CAPITAL OF AUSTRAL AMALGAMATED BERHAD ("AAB") PURSUANT TO A SCHEME OF ARRANGEMENT AND RECONSTRUCTION PURSUANT TO PENGURUSAN DANAHARTA NASIONAL BERHAD ACT, 1998 INVOLVING THE FOLLOWING:

- THE CAPITAL REDUCTION BY THE CANCELLATION OF RM0.95 FROM EACH EXISTING ORDINARY SHARE OF RM1.00 PAR VALUE IN AAB ("CAPITAL REDUCTION:);

- THE ISSUANCE OF APPROXIMATELY 9,413,766 CONSOLIDATED SHARES OF RM1.00 EACH IN AAB ("CONSOLIDATED AAB SHARES") ON THE BASIS OF ONE (1) CONSOLIDATED AAB SHARE FOR EVERY TWENTY (20) RESULTANT ORDINARY SHARES OF RM0.05 EACH AFTER THE CAPITAL REDUCTION ("SHARE CONSOLIDATION"); AND

- THE SHARE EXCHANGE OF APPROXIMATELY 9,413,766 CONSOLIDATED AAB SHARES FOR APPROXIMATELY 9,413,766 NEW ORDINARY SHARES OF RM1.00 EACH IN FURQAN BUSINESS ORGANISATION BERHAD ("FBO") ("FBO NEW SHARE") ON THE BASIS OF ONE (1) FBO NEW SHARE FOR EACH CONSOLIDATED AAB SHARE HELD BY THE EXISTING SHAREHOLDERS OF AAB AFTER THE CAPITAL REDUCTION AND SHARE CONSOLIDATION ("SHARE EXCHANGE")

(II) THE CLOSURE OF BOOKS RELATING TO ENTITLEMENT TO THE CONSOLIDATED AAB SHARES AND CONSEQUENTLY THE FBO NEW SHARES ARISING FROM THE SHARE EXCHANGE
Content


Announcement Info

Company NameAUSTRAL AMALGAMATED BERHAD  
Stock Name AUSAMAL    
Date Announced7 Nov 2002  
CategoryDocument Receipt
Reference NoIJ-021107-44317

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