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KUCHAI DEVELOPMENT BERHAD ("KDB" or the "Company")
- Notice of Extraordinary General Meeting
Date of Meeting
07 May 2024
Time
01:30 PM
Venue(s)
Lekir Hall, Ramada Meridin Johor Bahru,
No. 5, Jalan Legoland,
Bandar Medini Iskandar Malaysia
79250 Iskandar Puteri, Johor
Malaysia
Date of General Meeting Record of Depositors
29 Apr 2024
Resolutions
1. SPECIAL RESOLUTION 1
Description
PROPOSED DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KDB TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") AT A DISPOSAL CONSIDERATION OF UP TO RM275,470,203, TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARE(S)") AT AN ISSUE PRICE OF RM10.01 PER SG BAGAN SHARE ("PROPOSED DISPOSAL")
Shareholder’s Action
For Voting
2. SPECIAL RESOLUTION 2
Description
PROPOSED DISTRIBUTION OF UP TO 27,519,500 SG BAGAN SHARES HELD BY KDB ARISING FROM THE PROPOSED DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A PROPOSED CAPITAL REDUCTION AND REPAYMENT AND PROPOSED DIVIDEND-IN-SPECIE AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED DISTRIBUTION")