AIC

1.600

(%)

Circular/Notice to Shareholders

AIC CORPORATION BERHAD

SubjectPART A:
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED ACQUISITION OF 1,249,000 ORDINARY SHARES OF RMl.00 EACH IN PRODELCON SDN BHD ("PRODELCON"), REPRESENTING THE ENTIRE EQUITY INTEREST IN PRODELCON, FROM JOTECH HOLDINGS BERHAD FOR A PURCHASE CONSIDERATION OF RM53,000,000 TO BE SATISFIED BY THE ISSUANCE OF 27,500,000 NEW ORDINARY SHARES OF RMl.00 EACH IN AlC CORPORATION BERHAD ("AlC") AT AN ISSUE PRICE OF RM1.00 EACH AND THE REMAINING RM25,500,000 IN CASH ("PROPOSED ACQUISITION")

PART B:
INDEPENDENT ADVICE LETTER TO OUR NON-INTERESTED SHAREHOLDERS ON THE PROPOSED ACQUISITION
Content


Announcement Info

Company NameAIC CORPORATION BERHAD  
Stock Name AIC    
Date Announced6 Feb 2008  
CategoryDocument Receipt
Reference NoJM-080206-38530