Circular/Notice to Shareholders
| JIANKUN INTERNATIONAL BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED VARIATION TO THE TERMS AND CONDITIONS OF THE PROPOSED ACQUISITION OF A PARCEL OF LEASEHOLD LAND IN KLEBANG, MELAKA MEASURING 40,469 SQUARE METRES IDENTIFIED AS H.S.(D) 89612, PT 10, KAWASAN BANDAR XLV, DISTRICT OF MELAKA TENGAH, STATE OF MELAKA BY KEY SUCCESS DEVELOPMENT SDN. BHD. ("KSDSB") , A WHOLLY-OWNED SUBSIDIARY OF JIANKUN, FROM CASH SUPPORT GROUP SDN. BHD. ("CSGSB") FOR A CASH CONSIDERATION OF RM26.00 MILLION PURSUANT TO THE SUPPLEMENTAL SALE AND PURCHASE AGREEMENT DATED 27 SEPTEMBER 2023 ENTERED INTO BETWEEN JIANKUN, KSDSB AND CSGSB, WHICH ENTAILS AMONG OTHERS, VARIATION TO THE SOURCE OF FUNDING / MODE OF PAYMENT FOR THE PURCHASE CONSIDERATION AND INCLUDES THE ISSUANCE OF 22,000,000 NEW ORDINARY SHARES IN JIANKUN ("JIANKUN SHARES" OR "SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.20 PER CONSIDERATION SHARE TO CSGSB AS PART SATISFACTION OF RM4.40 MILLION OF THE PURCHASE CONSIDERATION; (II) PROPOSED PRIVATE PLACEMENT OF 95,000,000 NEW JIANKUN SHARES ("PLACEMENT SHARES") TO THIRD-PARTY INVESTORS (I.E. 70,000,000 PLACEMENT SHARES TO ECLIPSE INTERNATIONAL SDN. BHD. AND 25,000,000 PLACEMENT SHARES TO KSP VISTA SDN. BHD.) AT AN ISSUE PRICE OF RM0.20 PER PLACEMENT SHARE; AND (III) PROPOSED BONUS ISSUE OF UP TO 265,795,584 NEW WARRANTS IN JIANKUN ("WARRANTS B") ON THE BASIS OF 1 WARRANT B FOR EVERY 2 EXISTING SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER |
Please refer attachment below.
Announcement Info
| Company Name | JIANKUN INTERNATIONAL BERHAD |
| Stock Name | JIANKUN |
| Date Announced | 22 Nov 2023 |
| Category | Document Submission |
| Reference Number | DCS-22112023-00001 |
