Bursa Anouncements

Date : 17 March 2023

MULTIPLE PROPOSALS CLASSIC SCENIC BERHAD ("CSCENIC" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF SHARES; AND (II) PROPOSED SHARE BUY-BACK (COLLECTIVELY REFERRED TO AS "PROPOSALS")

CLASSIC SCENIC BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
CLASSIC SCENIC BERHAD ("CSCENIC" OR "COMPANY")

(I)	PROPOSED BONUS ISSUE OF SHARES; AND
(II)	PROPOSED SHARE BUY-BACK 

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

On behalf of the board of directors of CScenic (“Board”), Malacca Securities Sdn. Bhd. (“Malacca Securities”) wishes to announce that the Company proposes to undertake the following:

 

  1. proposed bonus issue of up to 180,749,610 new ordinary shares in CScenic (“CScenic Share(s)” or “Share(s)”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 2 existing CScenic Shares held by the shareholders whose names appear in the Record of Depositors of the Company on an entitlement date to be determined and announced later (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Bonus Issue of Shares”); and
  2. proposed share buy-back of up to 10% of the issued CScenic Shares through Bursa Malaysia Securities Berhad (“Bursa Securities”) in accordance with Section 127(1) of the Companies Act 2016 (“Act”) (“Proposed Share Buy-Back”).

 Please refer to the attachment for further details.

 

This announcement is dated 17 March 2023.


Please refer attachment below.

Attachments

CScenic - Announcement 170323.pdf
241.3 kB


Announcement Info

Company Name CLASSIC SCENIC BERHAD
Stock Name CSCENIC
Date Announced 17 Mar 2023
Category General Announcement for PLC
Reference Number GA1-17032023-00022


Back