LYC

0.185

(%)

Circular/Notice to Shareholders

LYC HEALTHCARE BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PART A I. PROPOSED DIVESTMENT BY LYC MEDICARE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF LYC HEALTHCARE BERHAD ("LYC" OR THE "COMPANY"), OF A 25% EQUITY INTEREST IN LYC MEDICARE (SINGAPORE) PTE LTD ("LYC SG") TO KENANGA INVESTORS BERHAD FOR A DISPOSAL CONSIDERATION OF SGD12,918,466 ("PROPOSED DIVESTMENT"); II. PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE GRANT PLAN OF UP TO 5% OF THE TOTAL NUMBER OF ISSUED SHARES OF LYC (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE DURATION OF THE PLAN FOR ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF LYC AND ITS SUBSIDIARIES (EXCLUDING SUBSIDIARIES WHICH ARE DORMANT, IF ANY); III. PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF LYC AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER, TO THE FOLLOWING PARTIES:- (A) ALLOCATION TO THIRD PARTY INVESTOR(S) WHERE SUCH INVESTOR(S) SHALL BE PERSON(S) WHO/ WHICH QUALIFY UNDER SCHEDULES 6 AND 7 OF THE CAPITAL MARKETS AND SERVICES ACT 2007; AND (B) ALLOCATION TO LIM YIN CHOW, SUI DIONG HOE AND AHMAD RAFIQUE BIN MAT TAHIR, PURSUANT TO THEIR RESPECTIVE UNDERTAKING TO SUBSCRIBE AND/ OR CAUSE THEIR NOMINEE(S) TO SUBSCRIBE FOR A TOTAL OF UP TO 95,000,000 NEW LYC SHARES WHICH ARE NOT SUBSCRIBED FOR OR TAKEN UP BY ANY THIRD PARTY INVESTOR(S); IV. PROPOSED ACQUISITION BY LYC SG, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF LYC, OF THE REMAINING 49% EQUITY INTEREST IN T&T MEDICAL GROUP PTE LTD FOR A PURCHASE CONSIDERATION OF SGD8,100,000; AND V. PROPOSED ACQUISITION BY LYC SG, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF LYC, OF THE REMAINING 49% EQUITY INTEREST IN HC ORTHOPAEDIC SURGERY PTE LTD FOR A PURCHASE CONSIDERATION OF SGD9,163,000 PART B INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF LYC IN RELATION TO THE PROPOSED DIVESTMENT


Please refer attachment below.



Announcement Info

Company Name LYC HEALTHCARE BERHAD
Stock Name LYC
Date Announced 08 Jun 2022
Category Document Submission
Reference Number DCS-07062022-00021