Circulars

7 December 2018
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- PART A - (I) PROPOSED ACQUISITION BY AWC BERHAD ("AWC") OF 60% EQUITY INTEREST IN TRACKWORK & SUPPLIES SDN BHD ("TRACKWORK") FOR A TOTAL PURCHASE CONSIDERATION OF RM43,500,000 ("PROPOSED ACQUISITION"); (II) PROPOSED GRANTING BY TRAKNIAGA SDN BHD ("TRAKNIAGA"), A SHAREHOLDER OF TRACKWORK HOLDING 40% EQUITY INTEREST THEREIN, OF A CALL OPTION FOR AWC TO REQUIRE TRAKNIAGA TO DISPOSE ALL THE REMAINING ORDINARY SHARES IN TRACKWORK HELD BY IT ("OPTION SHARES") TO AWC AND THE GRANTING BY AWC OF A PUT OPTION FOR TRAKNIAGA TO REQUIRE AWC TO ACQUIRE THE OPTION SHARES ("PROPOSED CALL/PUT OPTIONS"); AND (III) PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF AWC AND ITS SUBSIDIARIES TO INCLUDE RAIL RELATED WORKS ("PROPOSED DIVERSIFICATION") (THE PROPOSED ACQUISITION, PROPOSED CALL/PUT OPTIONS AND PROPOSED DIVERSIFICATION ARE COLLECTIVELY REFERRED TO AS THE "PROPOSALS") PART B - PROPOSED GRANTS OF OPTIONS PURSUANT TO AWC'S EXISTING EMPLOYEES' SHARE OPTION SCHEME TO THE INDEPENDENT NON-EXECUTIVE DIRECTORS OF AWC ("PROPOSED GRANTS")
21 May 2018
CIRCULAR TO SHAREHOLDERS IN RELATION TO:- PART A - (I) PROPOSED ACQUISITION BY AWC BERHAD ("AWC") OF 60% EQUITY INTEREST IN TRACKWORK & SUPPLIES SDN BHD ("TRACKWORK") FOR A TOTAL PURCHASE CONSIDERATION OF RM43,500,000 ("PROPOSED ACQUISITION"); (II) PROPOSED GRANTING BY TRAKNIAGA SDN BHD ("TRAKNIAGA"), A SHAREHOLDER OF TRACKWORK HOLDING 40% EQUITY INTEREST THEREIN, OF A CALL OPTION FOR AWC TO REQUIRE TRAKNIAGA TO DISPOSE ALL THE REMAINING ORDINARY SHARES IN TRACKWORK HELD BY IT ("OPTION SHARES") TO AWC AND THE GRANTING BY AWC OF A PUT OPTION FOR TRAKNIAGA TO REQUIRE AWC TO ACQUIRE THE OPTION SHARES ("PROPOSED CALL/PUT OPTIONS"); AND (III) PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF AWC AND ITS SUBSIDIARIES TO INCLUDE RAIL RELATED WORKS ("PROPOSED DIVERSIFICATION") PART B - PROPOSED GRANTS OF OPTIONS PURSUANT TO AWC'S EXISTING EMPLOYEES SHARE OPTION SCHEME TO THE INDEPENDENT NON-EXECUTIVE DIRECTORS OF AWC ("PROPOSED GRANTS")