Circular/Notice to Shareholders
| ACME HOLDINGS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED BONUS ISSUE OF UP TO 59,689,500 FREE WARRANTS IN ACME HOLDINGS BERHAD ("ACME") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 4 EXISTING ORDINARY SHARES IN ACME ("ACME SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; (II) PROPOSED PRIVATE PLACEMENT OF UP TO 89,534,200 NEW ACME SHARES, REPRESENTING UP TO 30% OF THE ENLARGED NUMBER OF ISSUED ACME SHARES (EXCLUDING TREASURY SHARES); (III) PROPOSED ACQUISITION OF THE ENTIRE SHARE CAPITAL IN MEDAN TROPIKA SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM34,255,000; AND (IV) PROPOSED ACQUISITION OF THE ENTIRE SHARE CAPITAL IN FOCAL PRODUCTS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM2,000,000 |
Please refer attachment below.
Announcement Info
| Company Name | ACME HOLDINGS BERHAD |
| Stock Name | ACME |
| Date Announced | 22 Oct 2019 |
| Category | Document Submission |
| Reference Number | DCS-22102019-00022 |