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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Others
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Details of corporate proposal
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Subscription of 169,936,172 new ordinary shares in Vivocom Intl Holdings Berhad ("Vivocom") ("Vivocom Share(s)"), representing approximately 30.0% of the total number of issued Vivocom Shares ("Subscription Share(s)") by Golden Key Portfolio Sdn Bhd at the subscription price of RM0.35 per Subscription Share
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No. of shares issued under this corporate proposal
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169,936,172
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Issue price per share ($$)
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Malaysian Ringgit (MYR)
0.3500
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Par Value($$) (if applicable)
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Latest issued share capital after the above corporate proposal in the following
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| Units |
742,195,253
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| Issued Share Capital ($$) |
Malaysian Ringgit (MYR) 478,231,286.930
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| Listing Date |
30 Mar 2021
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2. Details of Corporate Proposal
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Involve issuance of new type/class of securities ?
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No
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Types of corporate proposal
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Acquisitions
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Details of corporate proposal
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Acquisition by Vivocom Intl Holdings Berhad ("Vivocom") of 113,535,000 ordinary shares in V Development Sdn Bhd ("V Development"), representing 45.0% equity interest in V Development, from Dato' Seri Chia Kok Teong for a total purchase consideration of RM171,000,000 to be satisfied via a combination of cash consideration, and issuance and allotment of 164,250,000 new ordinary shares in Vivocom ("Vivocom Share(s)") ("Consideration Share(s)") at an issue price of RM0.40 per Consideration Share, and issuance and allotment of up to 128,250,000 irredeemable convertible preference shares ("ICPS") ("Consideration ICPS") at an issue price of RM0.40 per Consideration ICPS
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No. of shares issued under this corporate proposal
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164,250,000
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Issue price per share ($$)
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Malaysian Ringgit (MYR)
0.4000
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Par Value($$) (if applicable)
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Latest issued share capital after the above corporate proposal in the following
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| Units |
906,445,253
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| Issued Share Capital ($$) |
Malaysian Ringgit (MYR) 543,931,286.930
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| Listing Date |
30 Mar 2021
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