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BURSA ANNOUNCEMENTS
CIRCULAR TO SHAREHOLDERS
| Subject | CIRCULAR TO SHAREHOLDERS in relation to the I PROPOSED SPECIAL ISSUE OF 10,000,000 NEW ORDINARY SHARES OF RM1.00 EACH AT AN ISSUE PRICE OF RM1.55 PER SHARE TO BUMIPUTRA INVESTORS; II PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 14,999,500 NEW ORDINARY SHARES OF RM1.00 EACH WITH 14,999,500 NEW DETACHABLE WARRANTS ON THE BASIS OF ONE (1) NEW ORDINARY SHARE WITH ONE (1) NEW WARRANT ATTACHED FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD AT AN ISSUE PRICE OF RM1.55 PER SHARE ON A DATE TO BE DETERMINED LATER; III PROPOSED ACQUISITION BY SMPC METAL INDUSTRIES BHD OF 1,500,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 100% EQUITY INTEREST IN DURO METAL INDUSTRIAL (M) SDN BHD (CO. NO 225220-W) FOR A PURCHASE CONSIDERATION OF RM19,500,000 TO BE SATISFIED ENTIRELY BY THE ISSUANCE OF 9,653,465 NEW ORDINARY SHARES OF RM1.00 EACH IN SMPC AT AN ISSUE PRICE OF RM2.02 PER SHARE; IV PROPOSED EMPLOYEES' SHARE OPTION SCHEME OF UP TO 10% OF THE ENLARGED ISSUED AND PAID - UP SHARE CAPITAL OF SMPC METAL INDUSTRIES BHD; V PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF SMPC METAL INDUSTRIES BHD FROM RM50,000,000 TO RM100,000,000 BY THE CREATION OF AN ADDITIONAL 50,000,000 NEW ORDINARY SHARES OF RM1.00 EACH; VI PROPOSED WAIVER FOR KUMPULAN PITCHAI SDN BHD AND ITS CONCERT PARTIES TO EXTEND A MANDATORY OFFER FOR THE REMAINING SHARES IN SMPC METAL INDUSTRIES BHD; |
| Attachments | SMPC-Appendix VI-ProformaConsolBalSheetOfSMPC 31Jan2000.pdf |
| SMPC-Appendix IV-AccountantsReportOnDURO Part I.pdf | |
| SMPC-Appendix IV-Accountants'ReportOnDURO Part II (1.1MB).pdf |
Please refer attachment below.
ANNOUNCEMENT INFO
| Reference No | IJ-000622-55980 |
| Company Name: | SMPC Corporation Bhd. |
| Stock Name: | SMPC |
| Date Announces: | 22 Jun 2000 |
| Category: | Document Submission |
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