Circular/Notice to Shareholders
REX INDUSTRY BERHAD |
Subject | Circular to Shareholders in relation to the following:- (a) Part A: (i) Proposed Renounceable Rights Issue of up to 246,626,468 new Ordinary Shares in Rex Industry Berhad ("Rex" or the "Company") ("Rex Share(s)") ("Rights Share(s)" or "Share(s)") at the Issue Price of RM0.10 per Rights Share, on the basis of 1 Rights Share for every 1 existing Rex Share held on an Entitlement Date to be determined later; and (ii) Proposed Exemption to Daiman Taipan Sdn. Bhd. and Darmendran Kunaretnam and Persons Acting in Concert with them, namely Chee Cheng Chun and Leong Kwai Ying, from the Obligation to undertake a Mandatory Offer for the remaining Rex Shares not already owned by them pursuant to the Proposed Rights Issue under Paragraph 4.08(1)(b) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions ("Proposed Exemption"). (b) Part B: Independent Advice Letter from Public Investment Bank Berhad to the Non-Interested Shareholders of Rex in relation to the Proposed Exemption. |
Please refer attachment below.
Announcement Info
Company Name | REX INDUSTRY BERHAD |
Stock Name | REX |
Date Announced | 10 Aug 2020 |
Category | Document Submission |
Reference Number | DCS-10082020-00015 |