Circular/Notice to Shareholders
| GE-SHEN CORPORATION BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED ACQUISITION OF 400,000 ORDINARY SHARES IN LOCAL ASSEMBLY SDN. BHD. ("LOCAL ASSEMBLY") REPRESENTING AN ADDITIONAL 40% EQUITY INTEREST IN LOCAL ASSEMBLY (A 40%-OWNED SUBSIDIARY OF GE-SHEN CORPORATION BERHAD ("GE-SHEN" OR THE "COMPANY")) FROM CHAI VOON SUN, GURMAKH SINGH A/L AJMER SINGH, WEE THIAN SONG AND DIVINE INVENTIONS SDN. BHD. FOR A TOTAL PURCHASE CONSIDERATION OF RM52,000,000 TO BE SATISFIED BY A COMBINATION OF RM39,000,001 IN CASH AND RM12,999,999 VIA THE ISSUANCE OF 8,666,666 NEW ORDINARY SHARES IN GE-SHEN ("GE-SHEN SHARE(S)" OR "SHARE(S)"), REPRESENTING APPROXIMATELY 1.90% OF THE ENLARGED ISSUED SHARES OF GE-SHEN AT AN ISSUE PRICE OF RM1.50 EACH ("PROPOSED ACQUISITION"); AND (II) PROPOSED PRIVATE PLACEMENT OF UP TO 30,161,200 NEW SHARES, REPRESENTING NOT MORE THAN 6.50% OF THE ENLARGED NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) TO THIRD PARTY INVESTOR(S) AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT 2") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
Please refer attachment below.
Announcement Info
| Company Name | GE-SHEN CORPORATION BERHAD |
| Stock Name | GESHEN |
| Date Announced | 11 Feb 2026 |
| Category | Document Submission |
| Reference Number | DCS-11022026-00020 |