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Amended Announcements Please refer to the earlier announcement reference number: LIP-29092021-00002
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 ISSUED BY KANGER INTERNATIONAL BERHAD ("KANGER") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 16 AUGUST 2021 PURSUANT TO THE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN KANGER INTO 1 KANGER CONSOLIDATED SHARE ("CONSOLIDATED SHARE")
Pursuant to the Share Consolidation, the exercise price of the outstanding Warrants B will be revised from RM0.05 to RM0.50 each while 169,951,156 Consolidated Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 10 February 2022 (collectively referred to as the "Adjustments"). Further, in accordance with the provisions of the Deed Poll B, the Adjustments takes effect from 5.00 p.m., 9 February 2022, being the entitlement date for the Share Consolidation. The notice to the holders of the Warrants B (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 9 February 2022.