Circulars

5 September 2020
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN THYE ON TONG TRADING SDN BHD ("TOT"), COMPRISING 600,000 ORDINARY SHARES IN TOT, FROM DATUK LOH SAW FOONG AND DATIN LIN CHING YEIN FOR A PURCHASE CONSIDERATION OF RM10,800,000 TO BE SATISFIED VIA COMBINATION OF CASH CONSIDERATION OF RM3,000,000 AND ISSUANCE OF 39,000,000 NEW ORDINARY SHARES IN PHB ("PHB SHARES") AT AN ISSUE PRICE OF RM0.20 PER PHB SHARE; AND (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF PHB AND ITS SUBSIDIARIES TO INCLUDE THE DISTRIBUTION OF CONSUMER GOODS