Circular/Notice to Shareholders
ANZO HOLDINGS BERHAD |
Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A (I) PROPOSED CONDITIONAL SUPPLY AGREEMENT DATED 5 OCTOBER 2020 BETWEEN ANZO TRADING SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF ANZO HOLDINGS BERHAD ("ANZO")) AND CSTME RESOURCES SDN BHD ("CSTME") FOR THE SUPPLY OF BIRCH/CLIFF COPPER SCRAP OR BERRY/CANDY COPPER SCRAP AS PER THE INSTITUTE OF SCRAP RECYCLING INDUSTRIES' SPECIFICATIONS ("PRODUCTS") TO CSTME ("SUPPLY AGREEMENT"); (II) PROPOSED SHAREHOLDERS' RATIFICATION OF THE RELATED PARTY TRANSACTIONS ENTERED INTO WITH CSTME FOR THE SUPPLY OF THE PRODUCTS ("PROPOSED RATIFICATION"); (III) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF ANZO AND ITS SUBSIDIARIES TO INCLUDE TRADING OF INDUSTRIAL MATERIALS AND RELATED BUSINESS ("PROPOSED DIVERSIFICATION"); AND (IV) PROPOSED PRIVATE PLACEMENT OF UP TO 231,480,400 NEW ORDINARY SHARES IN ANZO ("ANZO SHARES"), REPRESENTING APPROXIMATELY 25% OF THE ENLARGED NUMBER OF ISSUED ANZO SHARES (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT") PART B INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF ANZO IN RELATION TO THE SUPPLY AGREEMENT, PROPOSED RATIFICATION AND PROPOSED DIVERSIFICATION |
Please refer attachment below.
Announcement Info
Company Name | ANZO HOLDINGS BERHAD |
Stock Name | ANZO |
Date Announced | 30 Nov 2020 |
Category | Document Submission |
Reference Number | DCS-26112020-00017 |