Circular/Notice to Shareholders
| AGESON BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 6,527,407,770 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") ON THE BASIS OF 13 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) ("AGESON") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER AT AN ISSUE PRICE OF RM0.01 PER ICPS ("PROPOSED RIGHTS ISSUE"); AND II. PROPOSED ACQUISITION BY PRINSIPTEK PROPERTIES SDN BHD ("PPSB"), A WHOLLY-OWNED SUBSIDIARY COMPANY OF AGESON, OF A PARCEL OF DEVELOPMENT LAND MEASURING 7,395 SQUARE METRES HELD UNDER TITLE OF H.S.(D) 18991, PT NO. 129, SEKSYEN 1, BANDAR BATU FERRINGGI, DAERAH TIMOR LAUT, NEGERI PULAU PINANG, FROM DAYA INTELEK USAHASAMA SDN BHD FOR A PURCHASE CONSIDERATION OF RM57.00 MILLION TO BE SATISFIED VIA COMBINATION OF RM49.50 MILLION IN CASH AND RM7.50 MILLION IN ISSUANCE AND ALLOTMENT OF 750,000,000 ICPS AT AN ISSUE PRICE OF RM0.01 PER ICPS ("PROPOSED ACQUISITION") |
Please refer attachment below.
Announcement Info
| Company Name | AGESON BERHAD |
| Stock Name | AGES |
| Date Announced | 16 Jan 2020 |
| Category | Document Submission |
| Reference Number | DCS-16012020-00005 |