Circular/Notice to Shareholders
| I-POWER BERHAD |
| Subject | INFORMATION CIRCULAR TO SHAREHOLDERS IN RELATION TO THE I. SHARE CAPITAL REDUCTION BY THE CANCELLATION OF RM0.09 OF THE PAR VALUE OF EVERY EXISTING ORDINARY SHARE OF RM0.10 EACH IN I-POWER BERHAD ("I-POWER") AND THE CREDIT ARISING THEREFROM TO BE OFFSET AGAINST THE ACCUMULATED LOSSES OF I-POWER ("SHARE CAPITAL REDUCTION"); II. CONSOLIDATION OF TEN (10) ORDINARY SHARES OF RM0.01 EACH INTO ONE (1) ORDINARY SHARE OF RM0.10 EACH IN I-POWER ("CONSOLIDATED SHARE") AFTER THE SHARE CAPITAL REDUCTION ("SHARE CONSOLIDATION"); III. BONUS ISSUE OF UP TO 71,348,410 NEW CONSOLIDATED SHARES ("BONUS SHARES") TO BE CREDITED AS FULLY PAID-UP TO THE EXISTING SHAREHOLDERS OF I-POWER ON THE BASIS OF THREE (3) BONUS SHARES FOR EVERY TWO (2) EXISTING CONSOLIDATED SHARES HELD ("BONUS ISSUE"); AND IV. SUSPENSION OF TRADING IN THE ORDINARY SHARES OF RM0.10 EACH IN I-POWER AND THE BOOK CLOSING DATE RELATING TO THE SHARE CAPITAL REDUCTION, THE SHARE CONSOLIDATION AND THE BONUS ISSUE |
Announcement Info
| Company Name | I-POWER BERHAD (ACE Market) |
| Stock Name | IPOWER |
| Date Announced | 14 Sept 2012 |
| Category | PDF Submission |
| Reference No | CZ-120914-43192 |