ACME

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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.

Attachments

Announcement.pdf
768.8 kB



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