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OTHERS KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF KWANTAS PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR")

KWANTAS CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF KWANTAS PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR")
(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement dated 26 August 2020 in relation to the Proposed SCR)

We refer to the announcements dated 26 August 2020, 28 August 2020 and 2 September 2020 in relation to the Proposed SCR.

On behalf of the Board, Maybank Investment Bank Berhad wishes to announce that the Board (save for the Interested Directors) has deliberated on the contents of the SCR Proposal Letter and resolved to table the resolution for the Proposed SCR to the disinterested shareholders of Kwantas for their consideration and approval.

Please refer to the attached announcement for further details of the Proposed SCR.

This announcement is dated 25 September 2020.



Please refer attachment below.



Announcement Info

Company Name KWANTAS CORPORATION BERHAD
Stock Name KWANTAS
Date Announced 25 Sep 2020
Category General Announcement for PLC
Reference Number GA1-25092020-00075