News
Multiple Proposals
BackAug 16, 2013
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | ZELAN BERHAD (“ZELAN” OR “COMPANY”) (I) PROPOSED SHAREHOLDERS’ MANDATE; (II) PROPOSED PAR VALUE REDUCTION; (III) PROPOSED SHARE PREMIUM REDUCTION; (IV) PROPOSED MoA AMENDMENT; AND (V) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
We refer to the announcement dated 31 July 2013 in relation to the Proposals. On behalf of the Board of Directors of Zelan, AFFIN Investment Bank Berhad wishes to clarify that proposed amendment to the memorandum of association of Zelan (“MoA”) to amend the authorised share capital of Zelan should be from RM400,000,000 comprising 800,000,000 ordinary shares of RM0.50 each in Zelan to RM400,000,000 comprising 4,000,000,000 ordinary shares of RM0.10 each in Zelan to facilitate the implementation of the Proposed Par Value Reduction and Proposed Rights Issue with Warrants (“Proposed MoA Amendment”). This announcement is dated 16 August 2013. |
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Announcement Info
| Company Name | ZELAN BERHAD |
| Stock Name | ZELAN |
| Date Announced | 16 Aug 2013 |
| Category | General Announcement |
| Reference No | MI-130816-44053 |