NGIUKEE

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Circular/Notice to Shareholders

NGIU KEE CORPORATION (M) BERHAD

SubjectCIRCULAR TO SHAREHOLDERS in relation to the

I. PROPOSED RIGHTS ISSUE OF 39,200,000 NEW ORDINARY SHARES OF RM1.00 EACH IN NKC ("RIGHTS SHARES") TOGETHER WITH 33,600,000 FREE DETACHABLE WARRANTS ("WARRANTS") AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, OF WHICH THE FIRST CALL OF RM0.35 SHALL BE PAYABLE IN CASH UPON APPLICATION AND THE SECOND CALL OF RM0.65 SHALL BE CAPITALISED FROM THE SHARE PREMIUM AND RETAINED PROFITS ACCOUNTS OF NKC, ON A RENOUNCEABLE BASIS OF SEVEN (7) RIGHTS SHARES WITH SIX (6) WARRANTS FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM1.00 EACH IN NKC ("NKC SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS");

II. PROPOSED EMPLOYEES' SHARE OPTION SCHEME OF UP TO FIFTEEN PERCENT (15%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF NCK TO ALL ELIGIBLE DIRECTORS AND EMPLOYEES OF NKC AND ITS SUBSIDIARIES ("PROPOSED ESOS");

III. PROPOSED GRANTING OF OPTIONS UNDER THE PROPOSED ESOS TO MS YONG SIEW KAT, THE CHIEF EXECUTIVE OFFICER OF THE COMPANY;

IV.PROPOSED AMENDMENTS TO ARTICLES OF ASSOCIATION OF NKC; AND

V.PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL FROM RM50,000,000 REPRESENTING 50,000,000 ORDINARY SHARES OF RM1.00 EACH NKC TO RM200,000,000 REPRESENTING ORDINARY SHARES OF RM1.00 EACH IN NKC ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL").
Content

NgiuKee-Cover-Definitions-Contents.pdf

NgiuKee-LetterToShareholders I.pdf


NgiuKee-LetterToShareholders II.pdf

NgiuKee-Appendix I - II.pdf

NgiuKee-Appendix III - IV.pdf


Announcement Info

Company NameNGIU KEE CORPORATION (M) BERHAD  
Stock Name NGIUKEE    
Date Announced21 May 2004  
CategoryDocument Receipt
Reference NoIJ-040521-37349

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