Circular/Notice to Shareholders
| FUTUTECH BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- PART A (I) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN KERJAYA PROSPEK (M) SDN BHD FOR A PURCHASE CONSIDERATION OF RM438.0 MILLION (PROPOSED KPSB ACQUISTION); (II) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PERMATANG BAKTI SDN BHD FOR A PURCHASE CONSIDERATION OF RM20.0 MILLION (PROPOSED PBSB ACQUISITION); (THE PROPOSED KPSB ACQUISITION AND THE PROPOSED PBSB ACQUISITION ARE COLLECTIVELY REFERRED TO AS THE PROPOSED ACQUISITIONS) (III) PROPOSED PRIVATE PLACEMENT OF UP TO 100,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN FUTUTECH BERHAD (FUTUTECH SHARE(S) OR SHARE(S)) AT AN ISSUE PRICE TO BE DETERMINED AND TO PLACEE(S) TO BE IDENTIFIED AT A LATER STAGE (PROPOSED PRIVATE PLACEMENT); (IV) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF FUTUTECH FROM RM150,000,000 COMPRISING 300,000,000 FUTUTECH SHARES TO RM800,000,000 COMPRISING 1,200,000,000 FUTUTECH SHARES AND 400,000,000 REDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.50 EACH IN FUTUTECH (PROPOSED INCREASE IN AUTHORISED CAPITAL); AND (V) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY TO FACILITATE THE CREATION AND ISSUANCE OF THE KPSB CONSIDERATION RCPS (AS DEFINED HEREINAFTER) (PROPOSED AMENDMENTS TO M&A) (COLLECTIVELY REFERRED TO AS THE PROPOSALS) PART B INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF FUTUTECH BERHAD IN RELATION TO THE PROPOSED ACQUISITIONS PART C PROPOSED CHANGE OF NAME OF THE COMPANY FROM FUTUTECH BERHAD TO KERJAYA PROSPEK GROUP BERHAD (PROPOSED CHANGE OF NAME) |
Please refer attachment below.
Announcement Info
| Company Name | FUTUTECH BERHAD |
| Stock Name | FUTUTEC |
| Date Announced | 29 Dec 2015 |
| Category | Document Submission |
| Reference Number | DCS-29122015-00007 |