Circular/Notice to Shareholders
| ECOMATE HOLDINGS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION BY ECOMATE HOLDINGS OF 600,000 ORDINARY SHARES IN PROGRESSIVE COMPUTER SYSTEMS SDN BHD ("PCS"), REPRESENTING 60.0% EQUITY INTEREST IN PCS FROM LAW SENG PENG FOR A TOTAL CASH CONSIDERATION OF RM8.4 MILLION ("PROPOSED ACQUISITION"); (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OPERATIONS OF ECOMATE HOLDINGS AND ITS SUBSIDIARY TO INCLUDE INFORMATION AND COMMUNICATION TECHNOLOGY SOLUTIONS ("PROPOSED DIVERSIFICATION"); (III) PROPOSED BONUS ISSUE OF 358,025,834 NEW ORDINARY SHARES IN ECOMATE HOLDINGS ("ECOMATE HOLDINGS SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING ECOMATE HOLDINGS SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED BY THE BOARD AT A LATER DATE ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE OF SHARES"); AND (IV) PROPOSED BONUS ISSUE OF 358,025,834 WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 EXISTING ECOMATE HOLDINGS SHARE HELD ON THE SAME ENTITLEMENT DATE AS THE PROPOSED BONUS ISSUE OF SHARES ("PROPOSED BONUS ISSUE OF WARRANTS"), COLLECTIVELY, REFERRED TO AS THE "PROPOSALS") |
Please refer attachment below.
Announcement Info
| Company Name | ECOMATE HOLDINGS BERHAD |
| Stock Name | ECOMATE |
| Date Announced | 07 Aug 2025 |
| Category | Document Submission |
| Reference Number | DCS-07082025-00005 |