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Circular To Shareholders
BackAug 12, 2022
Subject HUA YANG BERHAD ("HYB" OR THE "COMPANY") CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 88,000,000 NEW ORDINARY SHARES IN HYB ("HYB SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 4 EXISTING HYB SHARES HELD, TOGETHER WITH UP TO 88,000,000 FREE DETACHABLE WARRANTS IN HYB ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED BY THE ENTITLED SHAREHOLDERS AT AN ISSUE PRICE AND ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); AND (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(B) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS TO HENG HOLDINGS SDN BHD AND PERSONS ACTING IN CONCERT WITH IT, FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER FOR THE REMAINING HYB SHARES AND WARRANTS NOT ALREADY OWNED BY THEM PURSUANT TO THE PROPOSED RIGHTS ISSUE WITH WARRANTS ("PROPOSED EXEMPTION")
Announcement Info
| Company Name | HUA YANG BERHAD |
| Stock Name | HUAYANG |
| Date Announced | 12 Aug 2022 |
| Category | Document Submission |
| Reference Number | DCS-11082022-00008 |
Attachments
- Hua_Yang_-_Circular_(12_August_2022).pdf (Size: 1,987,622 bytes)