1. Details of Corporate Proposal
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Involve issuance of new type/class of securities ?
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No
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Types of corporate proposal
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Acquisitions
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Details of corporate proposal
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Acquisition by Instacom Group Berhad ("Instacom") of 5,300,000 ordinary shares of RM1.00 each in Neata Aluminium (Malaysia) Sdn Bhd ("Neata"), representing approximately 43.6% of the equity interest in Neata for a purchase consideration of RM73.58 million, to be fully satisfied via a combination of the issuance of new ordinary shares of RM0.10 each in Instacom ("Instacom Shares") at the issue price of RM0.10 per Instacom Share and cash payment of RM13.00 million
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No. of shares issued under this corporate proposal
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605,840,000
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Issue price per share ($$)
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Malaysian Ringgit (MYR)
0.1000
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Par Value ($$)
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Malaysian Ringgit (MYR)
0.100
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Latest issued and paid up share capital after the above corporate proposal in the following
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Units |
1,906,639,852
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Currency |
Malaysian Ringgit (MYR) 190,663,985.200
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Listing Date |
05 Nov 2015
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