Circular/Notice to Shareholders
| EA HOLDINGS BERHAD |
| Subject | 1. ) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF EAH PURSUANT TO SECTION 115(A) READ TOGETHER WITH SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED CAPITAL REDUCTION") 2.) PROPOSED ISSUANCE OF 1,100,000,000 NEW ORDINARY SHARES OF EAH ("SUBSCRIPTION SHARE(S)") (REPRESENTING APPROXIMATELY 21.7% EQUITY INTEREST IN EAH) TO VINVEST CAPITAL HOLDINGS BERHAD (FORMERLY KNOWN AS VIVOCOM INTL HOLDINGS BERHAD) ("VINVEST") AT AN ISSUE PRICE OF RM0.0211 PER SUBSCRIPTION SHARE FOR A TOTAL CONSIDERATION OF RM23,210,000, TO BE FULLY SATISFIED VIA THE ISSUANCE OF 62,645,075 NEW ORDINARY SHARES OF VINVEST ("CONSIDERATION SHARE(S)") AT AN ISSUE PRICE OF RM0.3705 PER CONSIDERATION SHARE ("PROPOSED SHARES ISSUANCE") |
Please refer attachment below.
Announcement Info
| Company Name | EA HOLDINGS BERHAD |
| Stock Name | EAH |
| Date Announced | 18 Oct 2021 |
| Category | Document Submission |
| Reference Number | DCS-18102021-00008 |