INTEGRATED RUBBER CORPORATION BERHAD (“IRCB” OR “THE COMPANY”)
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(III) PROPOSED AMENDMENTS.
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
Contents
:
On behalf of the Board of Directors of IRCB, OSK Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:
(i) proposed share capital reduction by cancellation of RM0.30 of the par value of every existing ordinary share of RM0.50 each in IRCB to be set-off against the accumulated losses of IRCB;
(ii) proposed renounceable rights issue of 355,215,720 new ordinary shares of RM0.20 each in IRCB together with 236,810,480 free detachable new warrants on the basis of three (3) Rights Shares together with two (2) Warrants for every two (2) ordinary shares of RM0.20 each in IRCB from the resultant Proposed Capital Reduction held on the entitlement date to be determined later; and
(iii) proposed amendment to the Company’s Memorandum of Association to facilitate the change in the par value of IRCB Shares from the resultant Proposed Capital Reduction.
Further details on the Proposals are set out in the attachment enclosed.
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发表于 24-2-2010 09:33 PM
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