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OTHERS BREM HOLDING BERHAD ("BREM HOLDING" OR THE "COMPANY") SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF BREM HOLDING PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("SCR")

BREM HOLDING BERHAD

Type Announcement
Subject OTHERS
Description
BREM HOLDING BERHAD ("BREM HOLDING" OR THE "COMPANY")

SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF BREM HOLDING PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("SCR")

Reference is made to the Company’s announcements dated 26 November 2021, 2 December 2021, 24 December 2021, 28 December 2021, 27 January 2022, 28 January 2022, 28 February 2022 and 14 March 2022 in relation to the SCR (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meaning as those defined in the Announcements.

 

On behalf of the Board, RHBIB wishes to announce that the High Court had on 12 May 2022 granted an order confirming the reduction of the issued share capital of the Company in accordance with Section 116 of the Act ("High Court Order") to give effect to the SCR.

 

Following the above, the Company will lodge an office copy of the High Court Order with the Registrar of Companies pursuant to Section 116(6) of the Act ("Lodgement") in due course. The SCR will become effective upon the Lodgement ("Effective Date"). For the avoidance of doubt, the Effective Date shall be on the same day as the Entitlement Date, which will be announced in due course.

 

This announcement is dated 12 May 2022.






Announcement Info

Company Name BREM HOLDING BERHAD
Stock Name BREM
Date Announced 12 May 2022
Category General Announcement for PLC
Reference Number GA1-12052022-00024