ATLAN

2.750

(%)

OTHERS ATLAN HOLDINGS BHD ("AHB" OR "COMPANY") - THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION BY A SUBSIDIARY OF THE COMPANY, DUTY FREE INTERNATIONAL LIMITED ("DFIL")

ATLAN HOLDINGS BHD

Type Announcement
Subject OTHERS
Description
ATLAN HOLDINGS BHD ("AHB" OR "COMPANY")
- THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION BY A SUBSIDIARY OF THE COMPANY,
DUTY FREE INTERNATIONAL LIMITED ("DFIL")

The Board of AHB wishes to announce that DFIL together with its subsidiary had on 28 November 2019 announced that DFIL intends to undertake a capital reduction exercise pursuant to
Sections 78A and 78C of the Companies Act, Chapter 50 of Singapore to return to the shareholders of DFIL (“Shareholders”) surplus capital in excess of DFIL’s immediate
needs by way of a cash distribution of S$0.035 for each ordinary share in the share capital of DFIL held by Shareholders.


The Proposed Capital Reduction and Cash Distribution is subject to the approval of shareholders of DFIL at an Extraordinary General Meeting (“EGM”) to be convened.


A copy of DFIL’s announcement dated 28 November 2019 to Singapore Exchange Securities Trading Limited in respect of the Proposed Capital Reduction and Cash Distribution is
attached herein for easy reference.


This announcement is dated 28 November 2019.

 




Please refer attachment below.



Announcement Info

Company Name ATLAN HOLDINGS BHD
Stock Name ATLAN
Date Announced 28 Nov 2019
Category General Announcement for PLC
Reference Number GA1-27112019-00037