XL

0.750

(%)

Circular/Notice to Shareholders

XIAN LENG HOLDINGS BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO PART A (I) PROPOSED FREE WARRANTS ISSUE OF UP TO 47,924,100 FREE WARRANTS ("WARRANTS") IN XIAN LENG HOLDINGS BERHAD ("XIAN LENG" OR "COMPANY") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN XIAN LENG HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED FREE WARRANTS ISSUE"); (II) PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF XIAN LENG (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE SCHEME FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF XIAN LENG AND ITS SUBSIDIARY COMPANIES (EXCLUDING SUBSIDIARY COMPANIES WHICH ARE DORMANT) ("PROPOSED LTIP"); AND (III) PROPOSED AWARD OF XIAN LENG SHARES AND PROPOSED ALLOCATION OF ESOS OPTIONS TO THE DIRECTORS OF XIAN LENG; PART B PROPOSED CHANGE OF NAME FROM "XIAN LENG HOLDINGS BERHAD" TO "XL HOLDINGS BERHAD" ("PROPOSED CHANGE OF NAME")


Please refer attachment below.



Announcement Info

Company Name XIAN LENG HOLDINGS BERHAD
Stock Name XIANLNG
Date Announced 01 Apr 2021
Category Document Submission
Reference Number DCS-31032021-00030