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CIRCULAR TO SHAREHOLDERS IN RELATION TO THE
(I) PROPOSED REDUCTION OF THE PAR VALUE OF THE EXISTING ORDINARY SHARES OF RM1.00 EACH IN TAKASO RESOURCES BERHAD (“TRB”) TO RM0.25 EACH (“TRB SHARES”);
(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 141,215,940 TRB SHARES (“RIGHTS SHARES”) ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY ONE (1) EXISTING TRB SHARE HELD AFTER THE PROPOSED PAR VALUE REDUCTION TOGETHER WITH UP TO 84,729,564 FREE DETACHABLE NEW WARRANTS (“WARRANTS”) ON THE BASIS OF THREE (3) WARRANTS FOR EVERY FIVE (5) RIGHTS SHARES SUBSCRIBED BY THE ENTITLED SHAREHOLDERS TO BE UNDERTAKEN ON A MINUMUM SUBSCRIPTION LEVEL;
(III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM50,000,000 COMPRISING 50,000,000 TRB SHARES OF RM1.00 EACH TO RM100,000,000 COMPRISING 400,000,000 TRB SHARES OF RM0.25 EACH AFTER THE PROPOSED PAR VALUE REDUCTION; AND
(IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF TRB
AND
NOTICE OF EXTRAORDINARY GENERAL MEETING |
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Takaso_Resources_Berhad.pdf