Circular/Notice to Shareholders
| INSTACOM GROUP BERHAD |
| Subject | Circular To Shareholders Circular To Shareholders In Relation To The I. PROPOSED BONUS ISSUE OF UP TO 657,103,877 NEW ORDINARY SHARES OF RM0.10 EACH IN INSTACOM GROUP BERHAD ("INSTACOM") ("INSTACOM SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING INSTACOM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER; AND II. PROPOSED ACQUISITION BY INSTACOM OF 5,300,000 ORDINARY SHARES OF RM1.00 EACH IN NEATA ALUMINIUM (MALAYSIA) SDN BHD ("NEATA"), REPRESENTING APPROXIMATELY 43.6% OF THE EQUITY INTEREST IN NEATA FROM GOLDEN OASIS RESOURCES SDN BHD FOR A PURCHASE CONSIDERATION OF RM73,584,000 TO BE FULLY SATISFIED VIA A COMBINATION OF THE ISSUANCE OF 605,840,000 NEW INSTACOM SHARES AT THE ISSUE PRICE OF RM0.10 PER INSTACOM SHARE AND CASH PAYMENT OF RM13,000,000 |
Please refer attachment below.
Announcement Info
| Company Name | INSTACOM GROUP BERHAD |
| Stock Name | INSTACO |
| Date Announced | 28 Sep 2015 |
| Category | Document Submission |
| Reference Number | DCS-28092015-00007 |