MULTIPLE PROPOSALS MY E.G. SERVICES BERHAD ("MYEG" OR THE "COMPANY") I. PROPOSED BONUS ISSUE; II. PROPOSED DIVERSIFICATION; AND III. PROPOSED AMENDMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| MY E.G. SERVICES BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | MY E.G. SERVICES BERHAD ("MYEG" OR THE "COMPANY")
I. PROPOSED BONUS ISSUE;
II. PROPOSED DIVERSIFICATION; AND
III. PROPOSED AMENDMENT
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
The Board of Directors of MYEG wishes to announce that the Company proposes to undertake the following proposals:-
(i) proposed bonus issue of up to 4,149,122,710 new ordinary shares in MYEG (“MYEG Shares” or “Shares”) (“Bonus Shares”) on the basis of one (1) Bonus Share for every one (1) existing MYEG Share held by the shareholders of the Company whose names appear in the Record of Depositors of the Company on an entitlement date to be determined and announced later ("Proposed Bonus Issue");
(ii) proposed diversification of existing businesses of MYEG and its subsidiaries to include healthcare related businesses ("Proposed Diversification"); and
(iii) proposed amendment to the Constitution of the Company (“Proposed Amendment”) to provide greater clarity, enhance administrative efficiency as well as to ensure consistency with the guidelines which may be issued by the regulators from time to time.
(collectively referred to as the "Proposals")
Further details of the Proposals are set out in the attachment enclosed.
This announcement is dated 16 March 2021. |
|
Please refer attachment below.
Announcement Info
| Company Name | MY E.G. SERVICES BERHAD |
| Stock Name | MYEG |
| Date Announced | 16 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12032021-00095 |