Circular/Notice to Shareholders
| MERCURY INDUSTRIES BERHAD |
| Subject | (I) PROPOSED ACQUISITION OF A PARCEL OF LAND LOCATED IN BANDAR SUNGAI BULOH, DAERAH GOMBAK, SELANGOR FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM23.5 MILLION ("PROPOSED LAND ACQUISITION"); (II) PROPOSED SHARES ISSUANCE OF UP TO 22,100,100 NEW ORDINARY SHARES IN MERCURY INDUSTRIES BERHAD ("MIB") ("MIB SHARES") REPRESENTING 50.0% OF THE ISSUED SHARE CAPITAL OF MIB ("PROPOSED SHARES ISSUANCE"); (III) PROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESS OF MIB AND ITS SUBSIDIARIES ("MIB GROUP") TO INCLUDE PROPERTY DEVELOPMENT ("PROPOSED DIVERSIFICATION"); AND (IV) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MIB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SHARE CAPITAL REDUCTION") (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS") |
Please refer attachment below.
Announcement Info
| Company Name | MERCURY INDUSTRIES BERHAD |
| Stock Name | MERCURY |
| Date Announced | 31 May 2022 |
| Category | Document Submission |
| Reference Number | DCS-31052022-00010 |