MULTIPLE PROPOSALS SCC HOLDINGS BERHAD ("SCC" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED SHARE SPLIT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

SCC HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
SCC HOLDINGS BERHAD ("SCC" OR "COMPANY")

(I)	PROPOSED BONUS ISSUE; AND
(II)	PROPOSED SHARE SPLIT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of SCC, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following corporate proposals:

(i) proposed bonus issue of 4,277,580 new ordinary shares in SCC (“SCC Shares”) (“Bonus Shares”) on the basis of 1 Bonus Share for every 10 existing SCC Shares held on an entitlement date to be determined later (“Proposed Bonus Issue”); and

(ii) proposed share split involving the subdivision of every 1 SCC Share held after the Proposed Bonus Issue into 3 ordinary shares in SCC.

 

Please refer to the attachment for further details on the Proposals.

 

This announcement is dated 19 April 2017.




Please refer attachment below.


Announcement Info

Company Name SCC HOLDINGS BERHAD
Stock Name SCC
Date Announced 19 Apr 2017
Category General Announcement for PLC
Reference Number GA1-19042017-00080