THREE-A RESOURCES BERHAD ("TARB" OR THE "COMPANY") (I) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF TARB FROM RM50,000,000 COMPRISING 250,000,000 ORDINARY SHARES OF RM0.20 EACH ("SHARE(S)") TO RM100,000,000 COMPRISING 500,000,000 SHARES ("PROPOSED IASC"); (II) PROPOSED BONUS ISSUE OF 115,500,007 NEW ORDINARY SHARES OF RM0.20 EACH ("BONUS SHARES") IN THREE-A RESOURCES BERHAD ("TARB SHARE(S)") OR "SHARE(S)") ON THE BASIS OF THREE (3) TARB SHARE FOR EVERY FIVE (5) EXISTING TARB SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE"); (III) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF TARB ("PROPOSED AMENDMENTS"); AND (IV) PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED MANDATE") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
THREE-A RESOURCES BERHAD
Information Compiled By KLSE
| Announcement Date |
13 Mar 2008 |
| Type |
Announcement |
| Subject |
THREE-A RESOURCES BERHAD (“TARB” OR THE “COMPANY”)
(I) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF TARB FROM RM50,000,000 COMPRISING 250,000,000 ORDINARY SHARES OF RM0.20 EACH (“SHARE(S)”) TO RM100,000,000 COMPRISING 500,000,000 SHARES (“PROPOSED IASC”);
(II) PROPOSED BONUS ISSUE OF 115,500,007 NEW ORDINARY SHARES OF RM0.20 EACH (“BONUS SHARES”) IN THREE-A RESOURCES BERHAD (“TARB SHARE(S)”) OR “SHARE(S)”) ON THE BASIS OF THREE (3) TARB SHARE FOR EVERY FIVE (5) EXISTING TARB SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE”);
(III) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF TARB (“PROPOSED AMENDMENTS"); AND
(IV) PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED MANDATE”)
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
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| Contents |
On behalf of the Board of Directors of TARB (“Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce the following proposals:-
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(a) Increase in authorised share capital of TARB from RM50,000,000 comprising 250,000,000 Shares to RM100,000,000 comprising 500,000,000 Shares (“Proposed IASC”);
(b) Bonus issue of 115,500,007 ordinary shares of RM0.20 each in TARB (“Bonus Shares”) on the basis of three (3) Bonus Shares for every five (5) ordinary shares of RM0.20 each in TARB (“Shares”) held at an entitlement date to be determined later (“Proposed Bonus Issue”);
(c) Transfer of the listing of and quotation for the entire enlarged issued and paid-up share capital of TARB from the MESDAQ Market to the Main Board of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Proposed Transfer”);
(d) Amendments to the Articles of Association of TARB (“Proposed Amendments”); and
(e) Mandate for recurrent related party transactions (“RRPTs”) of a revenue and trading nature (“Proposed Mandate”)
(Collectively referred to as the “Proposals”).
