Circular/Notice to Shareholders
| DRB-HICOM BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE I. PROPOSED SHARE SUBSCRIPTION OF 547,020,534 ORDINARY SHARES, REPRESENTING 49.9% OF THE ENLARGED ORDINARY SHARE CAPITAL IN PROTON HOLDINGS BERHAD (PROTON) BY ZHEJIANG GEELY HOLDING GROUP CO., LTD. (GEELY) FOR A TOTAL SUBSCRIPTION PRICE OF RM460.3 MILLION (PROPOSED SHARE SUBSCRIPTION); AND II. PROPOSED DIVESTMENT BY PROTON OF: (A) 51% ISSUED SHARES IN LOTUS ADVANCE TECHNOLOGIES SDN. BHD. ("LOTUS ADVANCE") AND 51% PREFERENCE SHARES IN LOTUS CARS LIMITED TO GEELY; AND (B) 49% ISSUED SHARES IN LOTUS ADVANCE AND 49% PREFERENCE SHARES IN LOTUS CARS LIMITED TO ETIKA AUTOMOTIVE SDN. BHD. ("ETIKA AUTOMOTIVE"), FOR A TOTAL SALE CONSIDERATION OF GBP100 MILLION (COLLECTIVELY REFERRED TO AS "PROPOSALS") |
Please refer attachment below.
Announcement Info
| Company Name | DRB-HICOM BERHAD |
| Stock Name | DRBHCOM |
| Date Announced | 15 Aug 2017 |
| Category | Document Submission |
| Reference Number | DCS-14082017-00006 |