Circular/Notice to Shareholders
| SIN HENG CHAN (MALAYA) BERHAD |
| Subject | SIN HENG CHAN (MALAYA) BERHAD ("SHC" or "THE COMPANY") I. PROPOSED ACQUISITION BY SHC OF 4,000,002 ORDINARY SHARES IN TUNAS SELATAN PAGOH SDN BHD ("TSP"), REPRESENTING THE ENTIRE EQUITY INTEREST IN TSP, FROM TUNAS SELATAN CONSTRUCTION SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM145,900,000 TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION OF RM70,000,000, ISSUANCE AND ALLOTMENT OF 110,000,000 NEW ORDINARY SHARES IN SHC AT AN ISSUE PRICE OF RM0.33 PER CONSIDERATION SHARE AND ISSUANCE AND ALLOTMENT OF 120,000,000 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") AT AN ISSUE PRICE OF RM0.33 PER CONSIDERATION ICPS; II. PROPOSED AMENDMENT TO THE CONSTITUTION OF SHC; AND III.PROPOSED EXEMPTION TO DATO' CHOO KENG WENG AND TAN SRI DATO' SRI HAJI ESA BIN HAJI MOHAMED AS WELL AS THE PERSONS ACTING IN CONCERT WITH THEM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING SHARES IN SHC NOT ALREADY HELD BY THEM PURSUANT TO THE PROPOSED ACQUISITION UNDER SUBPARAGRAPHS 4.08(1)(A)&(C) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS |
Please refer attachment below.
Announcement Info
| Company Name | SIN HENG CHAN (MALAYA) BERHAD |
| Stock Name | SHCHAN |
| Date Announced | 23 Mar 2021 |
| Category | Document Submission |
| Reference Number | DCS-23032021-00006 |