Multiple Proposals

BackApr 13, 2016
Type Announcement
Subject MULTIPLE PROPOSALS
Description 
YNH PROPERTY BERHAD ("YNH" OR THE "COMPANY")

(I)	PROPOSED BONUS ISSUE; 

(II)	PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND

(III)	PROPOSED M&A AMENDMENTS

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

On behalf of the Board of Directors of YNH (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company proposes to undertake the following:

(a) Proposed Bonus Issue

Proposed bonus issue of up to 88,289,225 new ordinary shares of RM1.00 each in YNH (“Bonus Shares”) on the basis of one (1) Bonus Share for every five (5) existing ordinary shares of RM1.00 each in YNH (“YNH Shares” or “Shares”) on an entitlement date to be determined and announced later (“Entitlement Date”).

(b) Proposed Increase in Authorised Share Capital

Proposed increase in authorised share capital of the Company from RM500,000,000 comprising 500,000,000 YNH Shares to RM1,000,000,000 comprising 1,000,000,000 YNH Shares.

(c) Proposed M&A Amendments

Proposed amendments to the Memorandum and Articles of Association of YNH (“M&A”) to facilitate the Proposed Increase in Authorised Share Capital.

Please refer to the attachment for details of the Proposals.

This announcement is dated 13 April 2016.



Please refer attachment below.

 

Announcement Info

Company Name YNH PROPERTY BERHAD
Stock Name YNHPROP
Date Announced 13 Apr 2016
Category General Announcement for PLC
Reference Number GA1-08042016-00107

 

Attachments

  1. YNH_-_Proposals_13_April_2016.pdf (Size: 295,069 bytes)