MULTIPLE PROPOSALS LIM SEONG HAI CAPITAL BERHAD ("LSH CAPITAL" OR THE "COMPANY") (I) PROPOSED ACQUISITION OF ASSB (II) PROPOSED ASSETS EXCHANGE (III) PROPOSED SETTLEMENT CUM SUBSCRIPTION (IV) PROPOSED DIVERSIFICATION (COLLECTIVELY, THE "PROPOSALS")
| LIM SEONG HAI CAPITAL BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | LIM SEONG HAI CAPITAL BERHAD ("LSH CAPITAL" OR THE "COMPANY")
(I) PROPOSED ACQUISITION OF ASSB
(II) PROPOSED ASSETS EXCHANGE
(III) PROPOSED SETTLEMENT CUM SUBSCRIPTION
(IV) PROPOSED DIVERSIFICATION
(COLLECTIVELY, THE "PROPOSALS") |
|
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 28 March 2022).
We refer to the announcement dated 28 March 2022 in relation to the Proposals.
On behalf of the Board, Astramina Advisory wishes to announce that on 25 May 2022, the Company received letters dated 24 May 2022 from Directors of LSH Ventures and Lim Ding Shyong respectively to notify that as part of the Proposals, the promoters of LSH Capital, being Tan Sri KC Lim, Datuk KG, Lim Pak Lian, Lim Keng Hun and LSH Resources (collectively, the “Promoters”) intend to initiate the proposed shares reward scheme based on the policies to be set by LSH Capital (“LSH Shares Reward Scheme”).
To facilitate the implementation of the LSH Shares Reward Scheme, the Directors of LSH Ventures and Lim Ding Shyong further notify the revise of the nominated recipients in DSCSSA and SSA respectively.
Please refer to the attachment for further details.
This announcement is dated 25 May 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | LIM SEONG HAI CAPITAL BERHAD |
| Stock Name | LSH |
| Date Announced | 25 May 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24052022-00021 |