Circular/Notice to Shareholders
| SCANWOLF CORPORATION BERHAD |
| Subject | INDEPENDENT ADVICE CIRCULAR IN RELATION TO THE CONDITIONAL MANDATORY TAKE-OVER OFFER BY MIGHTY ALLIANCE SDN BHD ("OFFEROR") THROUGH MAYBANK INVESTMENT BANK BERHAD TO ACQUIRE: (I) ALL THE REMAINING ORDINARY SHARES IN SCANWOLF CORPORATION BERHAD ("SCANWOLF") ("SCANWOLF SHARE") NOT ALREADY OWNED BY THE OFFEROR AS WELL AS SEAH LEY HONG, DATO' SRI WONG SZE CHIEN, DATO' SRI AZLAN BIN AZMI AND DATO' SRI ANDREW LIM ENG GUAN (COLLECTIVELY, "JOINT ULTIMATE OFFERORS") AND PERSONS ACTING IN CONCERT WITH THEM ("PACS") AS WELL AS ANY NEW SCANWOLF SHARES THAT MAY BE ISSUED AND ALLOTTED PRIOR TO THE CLOSING OF THE OFFER ARISING FROM THE: (A) CONVERSION OF THE OUTSTANDING IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("ICULS") IN SCANWOLF; AND (B) EXERCISE OF THE OUTSTANDING WARRANTS 2021 / 2026 ("WARRANTS") IN SCANWOLF (COLLECTIVELY, "OFFER SHARES") FOR A CASH OFFER PRICE OF RM0.54 PER OFFER SHARE; (II) ALL THE OUTSTANDING ICULS NOT ALREADY OWNED BY THE OFFEROR, THE JOINT ULTIMATE OFFERORS AND THE PACS ("OFFER ICULS") FOR A CASH OFFER PRICE OF RM0.18 PER OFFER ICULS; AND (III) ALL THE OUTSTANDING WARRANTS NOT ALREADY OWNED BY THE OFFEROR, THE JOINT ULTIMATE OFFERORS AND THE PACS ("OFFER WARRANTS") FOR A CASH OFFER PRICE OF RM0.24 PER OFFER WARRANT (COLLECTIVELY, REFERRED TO AS "OFFER") |
Please refer attachment below.
Announcement Info
| Company Name | SCANWOLF CORPORATION BERHAD |
| Stock Name | SCNWOLF-LA |
| Date Announced | 20 Feb 2025 |
| Category | Document Submission |
| Reference Number | DCS-20022025-00018 |