Circular/Notice to Shareholders

HANDAL RESOURCES BERHAD

SubjectCIRCULAR TO SHAREHOLDERS IN RELATION TO

(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 60,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN HANDAL (“RIGHTS SHARE(S)”) TOGETHER WITH 60,000,000 NEW FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF TWO (2) RIGHTS SHARES AND TWO (2) FREE WARRANTS FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.50 EACH IN HANDAL (“HANDAL SHARE(S)”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE”);

(II) PROPOSED BONUS ISSUE OF 10,000,000 HANDAL SHARES (“BONUS SHARE(S)”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY SIX (6) RIGHTS SHARES SUBSCRIBED (“PROPOSED BONUS ISSUE”);

(III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM50,000,000 COMPRISING 100,000,000 HANDAL SHARES TO RM250,000,000 COMPRISING 500,000,000 HANDAL SHARES (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”); AND

(IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY (“PROPOSED AMENDMENTS”)

Attachments

Handal Resources Berhad.pdf
1172 KB






Announcement Info

Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL    
Date Announced31 Jan 2011  
CategoryPDF Submission
Reference NoOI-110131-34033