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