| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- (I) PROPOSED DISPOSAL OF 40% EQUITY INTEREST HELD IN KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD TO EMPLOYEES PROVIDENT FUND BOARD FOR A TOTAL CASH CONSIDERATION OF RM1,130,000,000 ("PROPOSED DISPOSAL"); (II) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 2 EXISTING ORDINARY SHARES OF RM0.50 EACH INTO 5 ORDINARY SHARES OF RM0.20 EACH IN EKOVEST BERHAD ("EKOVEST") ("SUBDIVIDED SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER, RESULTING IN AN ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF EKOVEST OF A MAXIMUM OF RM488,827,920 COMPRISING A MAXIMUM OF 2,444,139,600 SUBDIVIDED SHARES (ASSUMING FULL EXERCISE OF THE OUTSTANDING WARRANTS 2014/2019 OF EKOVEST PRIOR TO THE ENTITLEMENT DATE) ("PROPOSED SHARE SPLIT"); AND (III) PROPOSED AMENDMENTS TO EKOVEST'S MEMORANDUM OF ASSOCIATION TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED SHARE SPLIT ("PROPOSED AMENDMENTS") AND NOTICE OF EXTRAORDINARY GENERAL MEETING |
| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 28 Dec 2016 |
| Category | Document Submission |
| Reference Number | DCS-28122016-00005 |
Please refer attachment below.
Attachments