MULTIPLE PROPOSALS I-POWER BERHAD ("I-POWER" OR THE "COMPANY") I. PROPOSED CAPITAL REDUCTION; II. PROPOSED CRR REDUCTION; III. PROPOSED SHARE PREMIUM REDUCTION; IV. PROPOSED SHARE CONSOLIDATION; V. PROPOSED ACQUISITION; VI. PROPOSED EXEMPTION; VII. PROPOSED OFFER FOR SALE; VIII. PROPOSED PRIVATE PLACEMENT; IX. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; X. PROPOSED CHANGE OF NAME; AND XI. PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| I-POWER BERHAD |
| Type | Announcement | ||||||||||||||||||||||||||||||
| Subject | MULTIPLE PROPOSALS | ||||||||||||||||||||||||||||||
| Description | I-POWER BERHAD ("I-POWER" OR THE "COMPANY") I. PROPOSED CAPITAL REDUCTION; II. PROPOSED CRR REDUCTION; III. PROPOSED SHARE PREMIUM REDUCTION; IV. PROPOSED SHARE CONSOLIDATION; V. PROPOSED ACQUISITION; VI. PROPOSED EXEMPTION; VII. PROPOSED OFFER FOR SALE; VIII. PROPOSED PRIVATE PLACEMENT; IX. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; X. PROPOSED CHANGE OF NAME; AND XI. PROPOSED AMENDMENTS (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 the announcements made by OSK Investment Bank Berhad, on behalf of the Board of Directors of I-Power on 11 August 2011 in relation to the Proposals. We wish to clarify that under Section 2.8.5 of the aforesaid announcement, the breakdown of the utilisation of proceeds for additional working capital is set out below:-
In addition, refer to Section 4 of the aforesaid announcement, we also wish to clarify that the principal market for the telecommunication engineering and services of Instacom Group is Malaysia. This announcement is dated 15 August 2011. | |||||||||||||||||||||||||||||||
Announcement Info
| Company Name | I-POWER BERHAD (ACE Market) |
| Stock Name | IPOWER |
| Date Announced | 15 Aug 2011 |
| Category | General Announcement |
| Reference No | OI-110815-58947 |