Reason | Pursuant to the completion of the Proposed Exchange of Ordinary Shares of RM1.00 Each in E&O Property Development Berhad (“E&OPROP”) Held By E&OPROP MIs (Being Shareholders of E&OPROP Excluding E&O And Dynamic Degree Sdn Bhd) For New Ordinary Stock Units of RM1.00 Each in E&O And/Or Cash By Way of A Members’ Scheme of Arrangement Under Section 176 of the Companies Act, 1965 Between E&O, E&OPROP and the E&OPROP MIs.
Accordingly, TRSB’s shareholdings in E&O has reduced to less than 5% and therefore ceased to be a substantial shareholder of E&O. |