Circular/Notice to Shareholders
| CLOUDARON GROUP BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A:- I. PROPOSED DISPOSAL BY CLOUDARON OF ITS ENTIRE EQUITY INTERESTS IN CLOUDARON PTE. LTD. ("CPL") AND DACS NETWORK SOLUTIONS SDN. BHD. ("DACS"), THE WHOLLY-OWNED SUBSIDIARIES OF CLOUDARON (COLLECTIVELY THE "DISPOSAL COMPANIES"), TO ABELCO INVESTMENT GROUP AB ("ABELCO") FOR A TOTAL DISPOSAL CONSIDERATION OF EUR7.80 MILLION (WHICH SUM IS EQUIVALENT TO APPROXIMATELY RM38.45 MILLION) TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN ABELCO ("ABELCO SHARES") ("PROPOSED DISPOSAL"); II. PROPOSED DISTRIBUTION OF ABELCO SHARES TO BE HELD BY CLOUDARON ARISING FROM THE PROPOSED DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A PROPOSED CAPITAL REDUCTION AND REPAYMENT ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED CAPITAL REDUCTION AND REPAYMENT"); AND III. PROPOSED VOLUNTARY WITHDRAWAL OF THE COMPANY'S LISTING FROM THE OFFICIAL LIST OF LEAP MARKET OF BURSA SECURITIES PURSUANT TO RULE 8.06 OF THE LEAP MARKET LISTING REQUIREMENTS ("PROPOSED DELISTING") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS"); AND PART B:- INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF CLOUDARON IN RELATION TO THE PROPOSALS |
Please refer attachment below.
Announcement Info
| Company Name | CLOUDARON GROUP BERHAD |
| Stock Name | CLOUD |
| Date Announced | 27 Oct 2025 |
| Category | Document Submission |
| Reference Number | DCS-27102025-00028 |