DIGISTA

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MULTIPLE PROPOSALS DIGISTAR CORPORATION BERHAD ("DIGISTAR" OR THE "COMPANY") I. PROPOSED SHARE CONSOLIDATION; AND II. PROPOSED CAPITAL REDUCTION

DIGISTAR CORPORATION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
DIGISTAR CORPORATION BERHAD ("DIGISTAR" OR THE "COMPANY")

I.	PROPOSED SHARE CONSOLIDATION; AND
II.	PROPOSED CAPITAL REDUCTION

On behalf of the board of directors of Digistar (“Board”), UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH”) wishes to announce that the Company proposes to undertake the following:-

  1. proposed consolidation of every 3 existing ordinary shares in Digistar (“Digistar Share(s)” or “Share(s)”) held by the shareholders of Digistar, on an entitlement date to be determined and announced later (“Entitlement Date”), into 1 Digistar Share (“Consolidated Share(s)”) (“Proposed Share Consolidation”); and
  2. proposed reduction of the issued share capital of Digistar pursuant to Section 116 of the Companies Act 2016 (“Act”) (“Proposed Capital Reduction”)

(collectively referred to as the “Proposals”).

 

Further details of the Proposals are set out in the attachment below.

 

 

This announcement is dated 28 February 2022.




Please refer attachment below.



Announcement Info

Company Name DIGISTAR CORPORATION BERHAD
Stock Name DIGISTA
Date Announced 28 Feb 2022
Category General Announcement for PLC
Reference Number GA1-28022022-00076