TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
| BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) |
| Description | PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE FOR THE ORDINARY SHARES IN BHIC ("BHIC SHARES") NOT OWNED BY BOUSTEAD HOLDINGS BERHAD; AND PROPOSED CAPITAL REDUCTION AND REPAYMENT EXERCISE FOR THE REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") CLASS A ("RCPS A") AND ISLAMIC RCPS CLASS A ("RCPS-i A"), PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSAL") |
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The Board of Directors of BHIC (“Board”) wishes to announce that the Company has today received a letter from its major shareholder, Boustead Holdings Berhad (“BHB”), notifying the Board of BHB’s intention to privatise BHIC via the Proposal pursuant to Section 116 of the Act (“Proposal Letter”).
Please refer to the Announcement and Proposal Letter attached herein for further details on the Proposal.
This announcement is dated 10 February 2026.
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Please refer attachment below.
Announcement Info
| Company Name | BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
| Stock Name | BHIC |
| Date Announced | 10 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10022026-00058 |