Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
| HARN LEN CORPORATION BHD |
Particulars of substantial Securities Holder
| Name | DATUK MOHAMED NIZAM BIN MOHAMED JAKEL |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary Shares |
Details of changes
| No | Date of change | No of securities |
Type of Transaction | Nature of Interest |
| 08 Jan 2025 | 47,222,222 |
Others | Direct Interest | |
| Name of registered holder | DATUK MOHAMED NIZAM BIN MOHAMED JAKEL | |||
| Description of "Others" Type of Transaction | Consideration Shares | |||
| Circumstances by reason of which change has occurred | Acquisition of 100,000 ordinary shares in Tiger Aquaculture Sdn. Bhd. ("TASB), representing the entire equity interest in TASB from Mohamed Nizam Bin Mohamed Jakel for a total purchase consideration of RM42,500,000, which is satisfied via issuance of 47,222,222 new ordinary shares in Harn Len Corporation Bhd ("Consideration Shares") at an issue price of RM0.45 each and 47,222,222 new redeemable convertible preference shares in HLCB at an issue price of RM0.45 each. |
| Nature of interest | Direct Interest |
| Direct (units) | 78,488,222 |
| Direct (%) | 12.854 |
| Indirect/deemed interest (units) | 0 |
| Indirect/deemed interest (%) | 0 |
| Total no of securities after change | 78,488,222 |
| Date of notice | 08 Jan 2025 |
| Date notice received by Listed Issuer | 13 Jan 2025 |
| Remarks : |
For information, 41,777,772 out of 47,222,222 ordinary shares in Harn Len Corporation Bhd were placed with the stakeholder, Messrs Julius Leonie Chai (but under securities account as maintained by Mohamed Nizam Bin Mohamed Jakel), as the security for the performance of the profit guarantee. Such shares will be released to Mohamed Nizam Bin Mohamed Jakel (if any) in accordance with the terms of the share sale agreement dated 29 December 2023, as supplemented by the supplemental agreements dated 27 May 2024 and 5 July 2024. |
Announcement Info
| Company Name | HARN LEN CORPORATION BHD |
| Stock Name | HARNLEN |
| Date Announced | 13 Jan 2025 |
| Category | Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 |
| Reference Number | CS2-08012025-00014 |