MULTIPLE PROPOSALS FOCUS DYNAMICS TECHNOLOGIES BERHAD ("FOCUS" OR THE "COMPANY") (I) PROPOSED PAR VALUE REDUCTION; AND (II) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF FOCUS
|FOCUS DYNAMICS TECHNOLOGIES BERHAD|
FOCUS DYNAMICS TECHNOLOGIES BERHAD ("FOCUS" OR THE "COMPANY") (I) PROPOSED PAR VALUE REDUCTION; AND (II) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF FOCUS
On behalf of the Board of Directors of Focus, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:
(i) proposed reduction of the issued and paid-up share capital of the Company pursuant to Section 64(1) of the Companies Act, 1965 involving the cancellation of RM0.05 of the par value of the ordinary shares of RM0.10 each in Focus to RM0.05 each in Focus (“Proposed Par Value Reduction”); and
(ii) proposed amendments to the Memorandum and Articles of Association of the Company to reflect the change in the par value of each Focus Share as a result of the Proposed Par Value Reduction (“Proposed Amendments”).
(Collectively referred to as the “Proposals”)
Please refer to the attachment for further details of the Proposals.
This announcement is dated 10 September 2015.
Please refer attachment below.
|Company Name||FOCUS DYNAMICS TECHNOLOGIES BERHAD|
|Date Announced||10 Sep 2015|
|Category||General Announcement for PLC|