Circular/Notice to Shareholders
| AHB HOLDINGS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED ACQUISITION BY AHB DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF AHB HOLDINGS BERHAD ("AHB"), OF 4 PARCELS OF LAND LOCATED IN MUKIM PETALING, KUALA LUMPUR FROM AWAN JINGGA SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM9.20 MILLION TO BE SATISIFED VIA A COMBINATION OF RM4.20 MILLION IN CASH AND THE ISSUANCE OF 45,454,546 NEW ORDINARY SHARES IN AHB ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.11 PER CONSIDERATION SHARE; (II) PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF AHB AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT ACTIVITIES; (III) PROPOSED ISSUANCE OF UP TO 600,000,000 2% CUMULATIVE REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN AHB ("RCPS") AT AN ISSUE PRICE OF RM0.10 PER RCPS; AND (IV) PROPOSED AMENDMENTS TO THE CONSTITUTION OF AHB |
Please refer attachment below.
Announcement Info
| Company Name | AHB HOLDINGS BERHAD |
| Stock Name | AHB |
| Date Announced | 20 Jan 2023 |
| Category | Document Submission |
| Reference Number | DCS-19012023-00001 |