MULTIPLE PROPOSALS AEON CREDIT SERVICE (M) BERHAD ("ACSM" OR THE "COMPANY") I) PROPOSED BONUS ISSUE; AND II) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS").

AEON CREDIT SERVICE (M) BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
AEON CREDIT SERVICE (M) BERHAD ("ACSM" OR THE "COMPANY")

I) PROPOSED BONUS ISSUE; AND 
II) PROPOSED RIGHTS ISSUE

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS").

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 23 March 2017)

We refer to the announcements dated 23 March 2017 and 27 March 2017 in relation to the Proposals.

On behalf of the Board of Directors of ACSM, CIMB Investment Bank Berhad is pleased to announce that the Company has on 28 April 2017 procured an irrevocable and unconditional undertaking from AEON Financial Service Co., Ltd ("AFS") to subscribe in full for its rights entitlement under the Proposed Rights Issue (“Undertaking”). Further details of the Undertaking are as follows:

Undertaking Shareholder

Shareholding in ACSM as at 28 April 2017

The Undertaking

Number of Shares held

% of total
Shares

Number of
ICULS

% of total
ICULS

AEON Financial Service Co., Ltd

 

85,968,000

59.7

257,904,000

59.7

The Undertaking represents a commitment by AFS to subscribe to its full rights entitlement under the Proposed Rights Issue of approximately RM257.90 million based on its current shareholding in ACSM.

Further, in order to ensure that this subscription level is maintained, AFS has also irrevocably and unconditionally undertaken not to reduce its shareholding in ACSM so that its shareholding in ACSM as at the ICULS Entitlement Date for the Proposed Rights Issue, is no less than its existing shareholding in ACSM.

 

 

This announcement is dated 28 April 2017.






Announcement Info

Company Name AEON CREDIT SERVICE (M) BERHAD
Stock Name AEONCR
Date Announced 28 Apr 2017
Category General Announcement for PLC
Reference Number GA1-28042017-00018