Type of Meeting : Extraordinary General Meeting Indicator : Notice of Meeting Description : YUNG KONG GALVANISING INDUSTRIES BERHAD NOTICE OF EXTRAORDINARY GENERAL MEETING PROPOSED ACQUISITION BY YKGI OF THE REMAINING 45.51% EQUITY INTEREST IN STARSHINE HOLDINGS SDN BHD (SSH) NOT ALREADY OWNED BY YKGI, FOR A PURCHASE CONSIDERATION OF RM16,611,579 TO BE SATISFIED VIA THE ISSUANCE OF 33,223,158 NEW ORDINARY SHARES OF RM0.50 EACH IN YKGI (YKGI SHARES OR SHARES) AT AN ISSUE PRICE OF RM0.50 PER YKGI SHARE (ISSUE PRICE) (PROPOSED ACQUISITION); PROPOSED PRIVATE PLACEMENT OF UP TO 39,106,980 NEW SHARES IN YKGI, REPRESENTING UP TO TWENTY PERCENT (20%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF YKGI (PROPOSED PRIVATE PLACEMENT); PROPOSED RESTRICTED ISSUE OF 48,799,998 NEW SHARES IN YKGI TO MARUBENI-ITOCHU STEEL INC. (PROPOSED RESTRICTED ISSUE); PROPOSED BONUS ISSUE OF UP TO 38,184,333 NEW SHARES IN YKGI TO THE ORDINARY SHAREHOLDERS OF YKGI (BONUS SHARE(S)) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TEN (10) EXISTING YKGI SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (PROPOSED BONUS ISSUE OF SHARES); AND
PROPOSED BONUS ISSUE OF UP TO 114,553,000 NEW WARRANTS IN YKGI (WARRANT(S)) TO THE ORDINARY SHAREHOLDERS OF YKGI ON THE BASIS OF THREE (3) FREE WARRANTS FOR EVERY TEN (10) EXISTING YKGI SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (PROPOSED BONUS ISSUE OF WARRANTS) (COLLECTIVELY REFERRED TO AS PROPOSALS) Date of Meeting : 16/04/2013 Time : 11:00 AM Venue : Meeting Room 6, Borneo Convention Centre Kuching, The Isthmus, Sejingkat, 93050 Kuching, Sarawak Date of General Meeting Record of Depositors : 10/04/2013 You are advised to read the full contents of the announcement or attachment at http://www.bursamalaysia.com.
richman, do u using other engine then bursa? can introduce to me? lolz....slow pick up by bursa anyway...i still cant find it on bursa...only manual search from yun kong announment...quite take time
lolz.....no wonder many sell on Wednesday, 7 Mar 2012
6:23PM Arthur Hii Lu Choon (1,739,400 Shares Disposed) 6:22PM Francis Hii Lu Sheng (1,739,400 Shares Disposed) 6:21PM Dato' Dr Hii Wi Sing (1,739,400 Shares Disposed) 6:21PM Alexander Hii Lu Kwong (1,739,400 Shares Disposed) 6:20PM Ir. Michael Hii Ee Sing (1,739,400 Shares Disposed) 6:19PM Victor Hii Lu Thian (1,739,400 Shares Disposed)
lolz...richman...he take so long time since last year dec, hopefully da deal is on. Lolz
Marubeni-Itochu Steel Inc (MISI), a major shareholder of Yung Kong Galvanising Industries Bhd with an 18.41% stake, has expressed interest to subscribe to 48.8m new shares in the latter. '' The equity interest held by MISI in Yung Kong will increase from 18.41% up to about 26.78% after the completion of the proposed restricted issue. (StarBiz)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by richman > 2013-04-05 09:05 | Report Abuse
MORE UPSIDE COMING FOR THE WARRANTS