LATEXX

2.140

(%)

Circular/Notice to Shareholders

LATEXX PARTNERS BERHAD

Subject

CIRCULAR TO SHAREHOLDERS IN RELATION TO

PART A
- PROPOSED SETTLEMENT OF DEBTS OWING TO CERTAIN FINANCIAL INSTITUTIONAL CREDITORS OF LATEXX AND ITS SUBSIDIARY COMPANIES AMOUNTING TO RM51,106,301 BY WAY OF ISSUANCE OF 102,212,602 NEW ORDINARY SHARES OF RM0.50 EACH IN LATEXX ("LATEXX SHARE") TOGETHER WITH 73,009,001 FREE DETACHABLE WARRANTS AT AN ISSUE PRICE OF RM0.50 PER LATEXX SHARE, ON THE BASIS OF FIVE (5) WARRANTS FOR EVERY SEVEN (7) NEW LATEXX SHARES ISSUED; AND

- PROPOSED PLACEMENT OF 10,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN LATEXX ("PLACEMENT SHARES") TOGETHER WITH 7,142,857 FREE DETACHABLE WARRANTS AT AN ISSUE PRICE OF RM0.5291 PER PLACEMENT SHARE ON THE BASIS OF FIVE (5) WARRANTS FOR EVERY SEVEN (7) NEW LATEXX SHARES, TO BE ISSUED TO MR LOW BOK TEK, THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF LATEXX

PART B
- PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Content

LATEXX-Circular.pdf

Announcement Info

Company Name	LATEXX PARTNERS BERHAD
Stock Name	LATEXX
Date Announced	19 Mar 2007
Category	Document Receipt
Reference No	JM-070319-63639

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