Additional Listing Announcement /Subdivision of Shares
| GE-SHEN CORPORATION BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | 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)"), AT AN ISSUE PRICE OF RM1.50 EACH ("ACQUISITION") |
| No. of shares issued under this corporate proposal | 8,666,666 |
| Issue price per share | Malaysian Ringgit (MYR) 1.5000 |
| Par Value (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 415,940,816 |
| Issued Share Capital | Malaysian Ringgit (MYR) 125,363,064.000 |
| Listing Date | 06 Mar 2026 |
| Remarks : |
The 8,666,666 new Shares were allotted and issued pursuant to the Acquisition that was announced on 10 October 2025. |
Announcement Info
| Company Name | GE-SHEN CORPORATION BERHAD |
| Stock Name | GESHEN |
| Date Announced | 05 Mar 2026 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-05032026-00001 |