TMC LIFE SCIENCES BHD
KLSE (MYR): TMCLIFE (0101)
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0.59
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+0.005 (0.85%)
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ImCK
2,999 posts
Posted by ImCK > 2015-02-09 09:21 | Report Abuse
(I) PROPOSED ACQUISITION OF 1,000,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING THE ENTIRE EQUITY INTEREST OF BB WATERFRONT SDN. BHD. (“BB WATERFRONT”) FOR A PURCHASE CONSIDERATION OF RM400.0 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 533,333,333 NEW ORDINARY SHARES OF RM0.10 EACH IN TMC (“SHARES” OR “TMC SHARES”) AT AN ISSUE PRICE OF RM0.75 PER SHARE, TOGETHER WITH 266,666,666 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) TMC SHARES (“PROPOSED ACQUISITION”);
(II) PROPOSED BONUS ISSUE OF 599,760,718 WARRANTS IN TMC TO ALL ENTITLED SHAREHOLDERS OF THE COMPANY ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING TMC SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER (“ENTITLEMENT DATE”) (“PROPOSED BONUS ISSUE OF WARRANTS”); AND
(III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF TMC FROM RM200,000,000 COMPRISING 2,000,000,000 SHARES TO RM500,000,000 COMPRISING 5,000,000,000 SHARES AND IN CONSEQUENCE THEREOF, THE COMPANY’S MEMORANDUM OF ASSOCIATION (“M&A”) BE ALTERED ACCORDINGLY (“PROPOSED IASC”)