Circular/Notice to Shareholders

Company Name YONG TAI BERHAD
Stock Name YONGTAI
Date Announced 30 Jun 2022
Category Document Submission
Reference Number DCS-30062022-00007

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YTB ("YTB SHARE(S)" OR "SHARES(S)") INTO 1 YTB SHARE ("CONSOLIDATED SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; (II) PROPOSED BONUS ISSUE OF UP TO 103,098,378 FREE WARRANTS IN YTB ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 4 CONSOLIDATED SHARES HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; AND (III) PROPOSED SETTLEMENT OF AN AGGREGATE AMOUNT OF RM46,000,000 DEBT OWING TO CREDITORS BY THE COMPANY AND/OR ITS SUBSIDIARIES, VIA THE ISSUANCE OF 92,000,000 NEW YTB SHARES.


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