Circular/Notice to Shareholders
| INSTACOM GROUP BERHAD |
|
Admission Sponsor | RHB Investment Bank Bhd |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE I. PROPOSED ACQUISITION BY INSTACOM OF 1,400,000 ORDINARY SHARES OF RM1.00 EACH IN NEATA ALUMINIUM (MALAYSIA) SDN BHD ("NEATA"), REPRESENTING 35% OF THE EQUITY INTEREST IN NEATA FOR A PURCHASE CONSIDERATION OF RM58,800,000, TO BE FULLY SATISFIED VIA THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN INSTACOM ("INSTACOM SHARE(S)") AT THE ISSUE PRICE OF RM0.19 PER INSTACOM SHARE; II. PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF INSTACOM AND ITS SUBSIDIARY COMPANIES TO INCLUDE ALUMINIUM DESIGN AND FABRICATION BUSINESS AND CIVIL ENGINEERING AND CONSTRUCTION BUSINESS; AND III. PROPOSED BONUS ISSUE OF UP TO 210,676,278 WARRANTS IN INSTACOM ("WARRANT C") ON THE BASIS OF ONE (1) FREE WARRANT C FOR EVERY FIVE (5) EXISTING INSTACOM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER |
Announcement Info
| Company Name | INSTACOM GROUP BERHAD (ACE Market) |
| Stock Name | INSTACO |
| Date Announced | 15 Dec 2014 |
| Category | PDF Submission |
| Reference No | CZ-141215-38801 |