Highlights

[PRG] EGM on 14-Apr-2014


Stock [PRG]: PRG HOLDINGS BHD
Announcement Date 31-Mar-2014  | 14-Apr-2014

Type EGM
Date & Time 14-Apr-2014   10:00
Depositor Date 08-Apr-2014
Venue Arcadia I, Level 3, Hotel Armada Petaling Jaya, Lorong Utara C, Section 52, 46200 Petaling Jaya, Selangor Darul Ehsan

Description FURNIWEB INDUSTRIAL PRODUCTS BERHAD (“FIPB” OR THE “COMPANY”) (I) PROPOSED JOINT VENTURE WITH ALMAHARTA SDN BHD IN CONNECTION WITH THE DEVELOPMENT OF A PARCEL OF LEASEHOLD LAND HELD UNDER PN 45266, LOT 141, SECTION 88, TOWN AND DISTRICT OF KUALA LUMPUR AND STATE OF WILAYAH PERSEKUTUAN KUALA LUMPUR MEASURING APPROXIMATELY 15,033 SQUARE METRES INTO A RESIDENTIAL DEVELOPMENT; (II) PROPOSED DIVERSIFICATION OF PRINCIPAL ACTIVITIES TO INCLUDE PROPERTY DEVELOPMENT; AND (III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 54,445,440 NEW ORDINARY SHARES OF RM0.50 EACH IN FURNIWEB INDUSTRIAL PRODUCTS BERHAD (“FIPB”) ("FIPB SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.55 PER RIGHTS SHARE, ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING FIPB SHARES HELD TOGETHER WITH UP TO 54,445,440 FREE DETACHABLE NEW WARRANTS IN FIPB ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR (COLLECTIVELY REFFERED TO AS THE "PROPOSALS") The Extraordinary General Meeting ("EGM") is for the purpose of considering and if thought fit, to pass the ordinary resolutions as set out in the Notice of EGM to give effect to the Proposals. The full text of the Notice of EGM is attached herewith for your attention. This annoucement is dated 31 March 2014
Outcome
Remark -


  Be the first to like this.
 


 

367  299  548  1082 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.300.00 
 ARMADA 0.5250.00 
 HSI-H8F 0.335-0.01 
 MLAB 0.06-0.005 
 BORNOIL 0.0450.00 
 HSI-C7K 0.375+0.01 
 HHGROUP 0.06-0.015 
 NETX 0.025+0.005 
 TRIVE 0.015+0.005 
 VELESTO 0.385+0.005 
Partners & Brokers