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13 October 2020
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 960,100,350 REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") AT AN ISSUE PRICE OF RM0.01 PER RCPS ON THE BASIS OF 2 RCPS FOR EVERY 1 EXISTING ORDINARY SHARE IN NI HSIN HELD BY THE ENTITLED SHAREHOLDERS OF NI HSIN ON AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED RIGHTS ISSUE OF RCPS"); (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF NI HSIN AND ITS SUBSIDIARIES TO INCLUDE FOOD AND BEVERAGE BUSINESS ("PROPOSED DIVERSIFICATION"); AND (III) PROPOSED AMENDMENTS TO THE CONSTITUTION OF NI HSIN TO FACILITATE THE CREATION OF THE RCPS PURSUANT TO THE PROPOSED RIGHTS ISSUE OF RCPS AND TO ENHANCE ADMINISTRATIVE EFFICIENCY ("PROPOSED AMENDMENTS") |
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26 June 2020
Statement to Shareholders in relation to the Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares |
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