KWANTAS

1.640

(%)

OTHERS KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF KWANTAS PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR")

KWANTAS CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF KWANTAS PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR")
(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement dated 25 September 2020 in relation to the Proposed SCR)

We refer to the announcements dated 26 August 2020 and 25 September 2020 in relation to the Proposed SCR.

Pursuant to Paragraphs 19.04(1)(a) and (d) of the Rules, on behalf of the Board, Maybank IB wishes to announce that Kwan Min Nyet, being a person acting in concert with Kwan Ngen Wah in respect of the Proposed SCR and a director of Kwantas, has dealt in Kwantas Shares for her own account on 3 December 2020. The details of the dealings are as follows:

Transaction date
Description of the transaction
No. of Kwantas Shares
Transaction price*
(RM per Kwantas Share)
3 December 2020
Acquisition
62,500
1.61
Note:

*            Excludes brokerage and other incidental costs.

This announcement is dated 4 December 2020.





Announcement Info

Company Name KWANTAS CORPORATION BERHAD
Stock Name KWANTAS
Date Announced 04 Dec 2020
Category General Announcement for PLC
Reference Number GA1-04122020-00042