Circular/Notice to Shareholders

C.I. HOLDINGS BERHAD

Subject

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF CONTINENTAL RESOURCES SDN BHD (“CRSB”), COMPRISING 1,800,000 ORDINARY SHARES OF RM1.00 EACH IN CRSB, FOR A PURCHASE CONSIDERATION OF RM42.0 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 20,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN C.I. HOLDINGS BERHAD (“CIH”) (“CIH SHARES”) AT AN ISSUE PRICE OF RM1.10 PER CIH SHARE AND THE REMAINING RM20.0 MILLION IN CASH (“PROPOSED ACQUISITION”)


Announcement Info

Company NameC.I. HOLDINGS BERHAD  
Stock Name CIHLDG    
Date Announced3 Apr 2014  
CategoryPDF Submission
Reference NoMI-140403-33936