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Announcements

Additional Listing Announcement

May 07, 2013

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposal Acquisitions
Details of corporate proposal Refer to remarks below
No. of shares issued under this corporate proposal 126,723,735
Issue price per share ($$) MYR 2.570
Par Value ($$) MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units 305,517,450
Currency MYR 305,517,450.000
Listing Date 09/05/2013

Remarks :
EKOVEST BERHAD (“EKOVEST” OR “COMPANY”)

(I) PROPOSED TRANSFER OF 100% OF THE ORDINARY SHARES OF RM1.00 EACH IN WIRA KRISTAL SDN BHD (“WIRA KRISTAL”) IN EXCHANGE FOR NEW ORDINARY SHARES OF RM1.00 EACH IN EKOVEST (“PROPOSED SHARE EXCHANGE”);

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EKOVEST (“PROPOSED IASC”); AND

(III) PROPOSED EXEMPTION SOUGHT BY TAN SRI DATO’ LIM KANG HOO (“TAN SRI LIM”) AND THE PERSONS ACTING IN CONCERT (“PAC”) WITH TAN SRI LIM UNDER PARAGRAPH 16.1 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 FROM THE OBLIGATION TO EXTEND A TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN EKOVEST NOT ALREADY OWNED BY TAN SRI LIM AND THE PAC WITH TAN SRI LIM UPON COMPLETION OF THE PROPOSED SHARE EXCHANGE (“PROPOSED EXEMPTION”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

 


Announcement Info

Company Name EKOVEST BERHAD  
Stock Name EKOVEST    
Date Announced 7 May 2013  
Category Additional Listing Announcement (ALA)
Reference No EE-130507-46556
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