Circular/Notice to Shareholders
| PARKWOOD HOLDINGS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO: (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 550,341,768 NEW ORDINARY SHARES IN PARKWOOD HOLDINGS BERHAD ("PARKWOOD") ("PARKWOOD SHARES" OR "SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 68,792,721 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) EXISTING PARKWOOD SHARE HELD AND ONE (1) WARRANT FOR EVERY EIGHT (8) RIGHTS SHARES SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); (II) PROPOSED ISSUANCE OF UP TO 99,390,997 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") IN PARKWOOD TO BE SUBSCRIBED BY TELAXIS SDN BHD ("TELAXIS") AT A SUBSCRIPTION PRICE TO BE DETERMINED LATER; (III) PROPOSED EXEMPTIONS FOR TELAXIS AND PERSONS ACTING IN CONCERT WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING PARKWOOD SHARES AND WARRANTS NOT ALREADY OWNED BY THEM ARISING FROM THE COMPLETION OF THE PROPOSED RIGHTS ISSUE WITH WARRANTS, CONVERSION OF THE RCPS AND/OR EXERCISE OF THE WARRANTS PURSUANT TO SUBPARAGRAPHS 4.08(1)(B) AND 4.08(1)(C) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ISSUED BY SECURITIES COMMISSION MALAYSIA; AND (IV) PROPOSED AMENDMENTS TO THE CONSTITUTION OF PARKWOOD |
Please refer attachment below.
Announcement Info
| Company Name | PARKWOOD HOLDINGS BERHAD |
| Stock Name | PARKWD |
| Date Announced | 17 Apr 2025 |
| Category | Document Submission |
| Reference Number | DCS-17042025-00015 |