SKW

(%)

Circular/Notice to Shareholders

SYARIKAT KAYU WANGI BERHAD

SubjectCIRCULAR TO SHAREHOLDERS in relation to the

I. PROPOSED RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF UP TO 26,012,281 NEW ORDINARY SHARES OF RM1.00 EACH ("RIGHTS SHARES") IN SKW TOGETHER WITH UP TO 13,006,140 FREE DETACHABLE WARRANTS AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, OF WHICH THE FIRST CALL OF RM0.70 PER RIGHTS SHARE SHALL BE PAYABLE IN CASH UPON ACCEPTANCE, WHILST THE SECOND CALL OF RM0.30 PER RIGHTS SHARE SHALL BE CAPITALISED FROM THE COMPANY'S REVALUATION RESERVE AND/OR SHARE PREMIUM ACCOUNT, ON THE BASIS OF TWO (2) RIGHTS SHARES WITH ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES HELD ("PROPOSED RIGHTS ISSUE WITH WARRANTS");

II. PROPOSED ISSUANCE OF 10,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN SKW AT AN ISSUE PRICE TO BE DETERMINED LATER, AS PART SETTLEMENT OF THE INDEBTEDNESS OWING BY SKW TO A FINANCIAL INSTITUTION ("PROPOSED DEBT SETTLEMENT");

III. PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN SKW ("PLACEMENT SHARES") REPRESENTING UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT"); AND

IV. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM50,000,000 DIVIDED INTO 50,000,000 ORDINARY SHARES OF RM1.00 EACH TO RM100,000,000 DIVIDED INTO 100,000,000 ORDINARY SHARES OF RM1.00 EACH.
Content

SKW-Cover-Definitions-Contents.pdf

SKW-LetterToShareholders.pdf

SKW-Appendices-NoticeEGM.pdf


Announcement Info

Company NameSYARIKAT KAYU WANGI BERHAD  
Stock Name SKW    
Date Announced6 Aug 2004  
CategoryDocument Receipt
Reference NoGR-040806-40550

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