MULTIPLE PROPOSALS DUTALAND BERHAD ("DUTALAND" OR "COMPANY") (I) PROPOSED SHARE PREMIUM REDUCTION; (II) PROPOSED PAR VALUE REDUCTION; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS "PROPOSALS")

DUTALAND BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
DUTALAND BERHAD ("DUTALAND" OR "COMPANY")

(I)	PROPOSED SHARE PREMIUM REDUCTION; 

(II)	PROPOSED PAR VALUE REDUCTION; AND

(III)	PROPOSED M&A AMENDMENTS 

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 29 August 2016 in relation to the Proposals)

We refer to the announcements dated 29 August 2016, 26 October 2016, 25 November 2016 and 30 December 2016 in relation to the Proposals.

On behalf of the Board of DutaLand, Maybank IB wishes to announce that an office copy of the sealed order of the High Court of Malaya at Kuala Lumpur dated 30 December 2016, confirming the Proposed Share Premium Reduction and the Proposed Par Value Reduction had been lodged with the Registrar of Companies (“Lodgement”) on 5 January 2017.

Following the Lodgement, the Proposed Share Premium Reduction and the Proposed Par Value Reduction will take effect on 5 January 2017. Consequently, the Proposed M&A Amendments will also take effect on the same day.

The Proposals will not result in any adjustment to the share price of DutaLand or the number of ordinary shares held in DutaLand by the shareholders of the Company.

This Announcement is dated 5 January 2017.






Announcement Info

Company Name DUTALAND BERHAD
Stock Name DUTALND
Date Announced 05 Jan 2017
Category General Announcement for PLC
Reference Number GA1-05012017-00051