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LYC

0.365

+0.01 (+2.8%)

Circular/Notice to Shareholders

LYC HEALTHCARE BERHAD

Subject I. PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF LYC HEATLHCARE BERHAD ("LYC") AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER, TO THE FOLLOWING PARTIES:- (A) ALLOCATION TO THIRD PARTY INVESTOR(S) WHERE SUCH INVESTOR(S) SHALL BE PERSON(S) WHO/ WHICH QUALIFY UNDER SCHEDULES 6 AND 7 OF THE CAPITAL MARKETS AND SERVICES ACT 2007; AND (B) ALLOCATION TO LIM YIN CHOW ("LIM YC") (BEING THE INTERESTED MAJOR SHAREHOLDER) AND/ OR NOMINEE(S), PURSUANT TO HIS UNDERTAKING TO SUBSCRIBE AND/ OR CAUSE HIS NOMINEE(S) TO SUBSCRIBE FOR A TOTAL OF UP TO 50,000,000 PLACEMENT SHARES WHICH ARE NOT SUBSCRIBED FOR OR TAKEN UP BY ANY THIRD PARTY INVESTOR(S); II. PROPOSED ACQUISITION BY LYC MEDICARE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF LYC, OF A 51% EQUITY INTEREST IN T&T MEDICAL GROUP PTE LTD FOR A PURCHASE CONSIDERATION OF SGD7,293,000; AND III. PROPOSED ACQUISITION BY LYC MEDICARE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF LYC, OF A 51% EQUITY INTEREST IN HC ORTHOPAEDIC SURGERY PTE LTD FOR A PURCHASE CONSIDERATION OF SGD6,936,000


Please refer attachment below.



Announcement Info

Company Name LYC HEALTHCARE BERHAD
Stock Name LYC
Date Announced 08 Sep 2020
Category Document Submission
Reference Number DCS-08092020-00006