GENERAL MEETINGS: NOTICE OF MEETING

NV MULTI CORPORATION BERHAD

TypeAnnouncement
SubjectGENERAL MEETINGS
NOTICE OF MEETING
DescriptionNV Multi Corporation Berhad (“NV MULTI” OR “COMPANY”)
NOTICE OF COURT CONVENED MEETING (“CCM”) AND EXTRAORDINARY GENERAL MEETING (“EGM”)

(i) proposed share split involving the subdivision of every 1 existing ordinary share of RM1.00 each in AYS Ventures Berhad ("AYS Ventures") into 2 ordinary shares of RM0.50 each in AYS Ventures (“AYS Ventures Shares”) and the conversion of AYS Ventures into a public company;

(ii) proposed acquisition by AYS Ventures of the entire issued and paid-up share capital of Ann Yak Siong Hardware Sdn Bhd for a purchase consideration of RM172,000,000;

(iii) proposed share exchange of the entire issued and paid-up share capital of NV Multi of 115,110,300 ordinary shares of RM0.01 each in NV Multi (“NV Multi Shares”) for 18,417,648 new AYS Ventures Shares, at an issue price of RM0.50 per AYS Ventures Share on the basis of 8 new AYS Ventures Shares for every 50 existing NV Multi Shares held;

(iv) proposed transfer of the listing status of NV Multi to AYS Ventures; and

(v) proposed restricted issue of 18,000,000 new AYS Ventures Shares (“Restricted Issue Shares”) to eligible investors via a placement at an issue price of RM0.50 per Restricted Issue Share; and

(vi) proposed offer for sale of up to 60,417,648 AYS Ventures Shares (“Offer Shares”) by the OFS Vendors comprising:

(a) up to 18,417,648 Offer Shares to the existing shareholders of NV Multi via a renounceable offer for sale on the basis of 1 Offer Share for every 1 AYS Ventures Share held after the Proposed Share Exchange at an offer price of RM0.50 per Offer Share; and

(b) up to 42,000,000 Offer Shares to eligible investors via a placement at an offer price of RM0.50 per Offer Share.

(COLLECTIVELY KNOWN AS THE “PROPOSED RESTRUCTURING SCHEME”)


Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced9 Feb 2012  
CategoryGeneral Announcement
Reference NoML-120209-67671