Multiple Proposals

BackAug 02, 2016

 

Type Announcement
Subject MULTIPLE PROPOSALS
Description

YNH PROPERTY BHD ("YNH" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE; (II) PROPOSED ESS; (III) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (IV) PROPOSED AMENDMENT (COLLECTIVELY REFERRED TO AS "PROPOSALS")

Unless otherwise stated, all definitions used in this announcement shall carry the same meaning as defined in the announcements dated 13 April 2016, 20 April 2016 and 26 May 2016 in relation to the Proposals.

We refer to the announcements dated 13 April 2016, 20 April 2016, 26 May 2016, 23 June 2016 and 11 July 2016 in relation to the Proposals.

On behalf of the Board, AmInvestment Bank wishes to announce that, after taking into consideration the feedback received from certain shareholders and stakeholders of the Company, the Board has decided to withdraw the Ordinary Resolution 2 and Ordinary Resolutions 4 to 18 in relation to the Proposed ESS as set out in the Notice of EGM dated 12 July 2016. Pursuant thereto, the aforementioned resolutions will not be tabled at the forthcoming EGM scheduled to be held on 3 August 2016.

Following such withdrawal, the Board will deliberate further on the Proposed ESS and may table the resolutions to the shareholders in the future, with or without modifications.

This announcement is dated 2 August 2016.





Announcement Info

Company Name YNH PROPERTY BERHAD
Stock Name YNHPROP
Date Announced 02 Aug 2016
Category General Announcement for PLC
Reference Number GA1-02082016-00010