MULTIPLE PROPOSALS ACME HOLDINGS BERHAD ("ACME" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF WARRANTS; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED MEDAN ACQUISITION; AND (IV) PROPOSED FOCAL ACQUISITION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
ACME HOLDINGS BERHAD |
Type | Announcement |
Subject | MULTIPLE PROPOSALS |
Description | ACME HOLDINGS BERHAD ("ACME" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF WARRANTS; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED MEDAN ACQUISITION; AND (IV) PROPOSED FOCAL ACQUISITION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
On behalf of the Board of Directors of ACME, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:
(i) proposed bonus issue of up to 59,689,500 free warrants in ACME (“Warrants”) on the basis of 1 Warrant for every 4 existing ordinary shares in ACME (“ACME Shares”) held on an entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”);
(ii) proposed private placement of up to 89,534,200 new ACME Shares, representing up to 30% of the enlarged number of issued ACME Shares (excluding treasury shares) (“Proposed Private Placement”);
(iii) proposed acquisition of the entire share capital of Medan Tropika Sdn Bhd for a total cash consideration of RM20,000,000 (“Proposed Medan Acquisition”); and
(iv) proposed acquisition of the entire share capital of Focal Products Sdn Bhd for a total cash consideration of RM2,000,000 (“Proposed Focal Acquisition”).
Please refer to the attachment for further details of the Proposals.
This announcement is dated 7 August 2019. |
Please refer attachment below.
Announcement Info
Company Name | ACME HOLDINGS BERHAD |
Stock Name | ACME |
Date Announced | 07 Aug 2019 |
Category | General Announcement for PLC |
Reference Number | GA1-05082019-00031 |