Proposed Renounceable rights issue of up to 233,249,942 New ordinary shares of RM0.50 each in salcon with Up To 116,624,971 Free Detachable Warrants, On The Basis of two (2) rights shares with One (1) Warrant For Every Two (2) Existing Ordinary Shares Of RM0.50 Each In Salcon ("Proposed Rights Issue With Warrants")
BackMar 30, 2007
| General Announcement |
| Reference No MM-070330-62725 |
| Submitting Merchant Bank |
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MIMB INVESTMENT BANK BERHAD |
| Company Name |
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SALCON BERHAD |
| Stock Name |
:
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SALCON |
| Date Announced |
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30/03/2007 |
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| Type | : | Announcement |
| Subject | : | PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 233,249,942 NEW ORDINARY SHARES OF RM0.50 EACH IN SALCON WITH UP TO 116,624,971 FREE DETACHABLE WARRANTS, ON THE BASIS OF TWO (2) RIGHTS SHARES WITH ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN SALCON ("PROPOSED RIGHTS ISSUE WITH WARRANTS") |
Contents :
Further to the announcement dated 14 March 2007, on behalf of the Board of Directors of Salcon, MIMB Investment Bank Berhad (formerly known as Malaysian International Merchant Bankers Berhad) is pleased to announce that the shareholders of the Company had approved the ordinary resolution tabled at the Extraordinary General Meeting held on 30 March 2007 in relation to the Proposed Rights Issue with Warrants.
This announcement is dated 30 March 2007.