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Bursa Announcement

(I) PROPOSED BONUS ISSUE OF UP TO 24,951,000 NEW ORDINARY SHARES OF RM1.00 EACH IN THE COMPANY ON THE BASIS OF THREE (3) NEW ORDINARY SHARES FOR EVERY TWO (2) EXISTING ORDINARY SHARES HELD IN THE COMPANY ("PROPOSED BONUS ISSUE");(II) PROPOSED RIGHTS ISSUE OF UP TO 8,317,000 NEW ORDINARY SHARES OF RM1.00 EACH AT RM1.00 PER NEW ORDINARY SHARE ON THE BASIS OF ONE (1) NEW ORDINARY SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES HELD ("PROPOSED RIGHTS ISSUE"); AND(III) PROPOSED AMENDMENT TO THE BYE-LAWS GOVERNING THE COMPANY'S EMPLOYEES' SHARE OPTION SCHEME ("PROPOSED AMENDMENT")(Collectively known as "Proposals")

BackFeb 09, 2001
Type Announcement
Subject KKB ENGINEERING BERHAD ("KKB" OR "COMPANY")
(I) PROPOSED BONUS ISSUE OF UP TO 24,951,000 NEW ORDINARY SHARES OF RM1.00 EACH IN THE COMPANY ON THE BASIS OF THREE (3) NEW ORDINARY SHARES FOR EVERY TWO (2) EXISTING ORDINARY SHARES HELD IN THE COMPANY ("PROPOSED BONUS ISSUE");
(II) PROPOSED RIGHTS ISSUE OF UP TO 8,317,000 NEW ORDINARY SHARES OF RM1.00 EACH AT RM1.00 PER NEW ORDINARY SHARE ON THE BASIS OF ONE (1) NEW ORDINARY SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES HELD ("PROPOSED RIGHTS ISSUE"); AND
(III) PROPOSED AMENDMENT TO THE BYE-LAWS GOVERNING THE COMPANY’S EMPLOYEES’ SHARE OPTION SCHEME ("PROPOSED AMENDMENT")

(Collectively known as "Proposals")

Contents :

Further to the announcements made on 29 August 2000 and 5 January 2001 with regards to the matter above, Arab-Malaysian Merchant Bank Berhad ("AMMB") is pleased to announce that the revised capitalisation for the Proposed Bonus Issue was approved by the Securities Commission. In addition to this and on behalf of the Board of Directors of the Company, AMMB wishes to announce that the issue price of the shares to be issued under the Rights Issue has been fixed at RM1.00 per share. The issue price of RM1.00 per new ordinary shares was arrived at after taking into consideration the weighted average market price for the past five (5) days up to and including 8 February 2001 of RM3.55. The theoretical ex-all price based on the above is approximately RM1.35. The issue price of RM1.00 represents a discount of 35 sen or approximately 26% on the abovementioned theoretical ex-all price.


This announcement is dated 9 February 2001.

 

Announcement Info

Company Name KKB ENGINEERING BERHAD  
Stock Name KKB    
Date Announced 9 Feb 2001  
Category General Announcement
Reference No CU-010208-57701