MULTIPLE PROPOSALS SENTORIA GROUP BERHAD (SENTORIA OR THE COMPANY) (I) Proposed Bonus Issue; and (II) Proposed Rights Issue (collectively referred to as the "Proposals")
Type | Announcement |
Subject | MULTIPLE PROPOSALS |
Description | SENTORIA GROUP BERHAD (SENTORIA OR THE COMPANY) (I) Proposed Bonus Issue; and (II) Proposed Rights Issue (collectively referred to as the "Proposals") |
On behalf of the Board of Directors of Sentoria, Affin Hwang Investment Bank Berhad wishes to announce that the Company intends to undertake the following proposals: (i) Proposed bonus issue of up to 52,800,000 ordinary shares in Sentoria ("Sentoria Shares(s)" or "Share(s)") ("Bonus Share(s)") to be credited as fully paid-up on the basis of 1 Bonus Share for every 10 Sentoria Shares held on an entitlement date to be determined later ("Proposed Bonus Issue"); and (ii) Proposed renounceable rights issue of up to 211,200,000 new warrants in Sentoria ("Warrant(s) B") at an issue price of RM0.25 per Warrant B on the basis of 4 Warrants B for every 10 Sentoria Shares held by the entitled shareholders on an entitlement date to be determined later ("Proposed Rights Issue"), (collectively, the "Proposals"). Kindly refer to the attachment for the details of the Proposals. This announcement is dated 21 September 2017. |