Highlights

[AVALAND] Notice of Person Ceasing Substantial Shareholders - KEYBUMI SDN BHD on 02-Apr-2015


Stock [AVALAND]: AVALAND BERHAD
Announcement Date 02-Apr-2015

Substantial Shareholder's Particular:

Name KEYBUMI SDN BHD

Details of Changes:

Currency Malaysian Ringgit (MYR)

Date of Change Type Number of Shares
01-Apr-2015 Disposed 0

Nature of Interest Direct interest
Shares Ordinary Shares of RM1.00 each
Reason Completion by GW Plastics Holdings Berhad (“GWH”) of the proposed acquisition of MCT Consortium Berhad for a total consideration of RM1,154,639,226 satisfied by the issuance of 1,032,420,869 ordinary shares of RM1.00 each and RM122,218,357 nominal value of 36-month zero coupon irredeemable convertible unsecured loan stocks, thereby reducing Keybumi Sdn Bhd’s shareholdings in GWH to below 5%.



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