OTHERS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY") 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") (THE "PROPOSAL")
| BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
| Type | Announcement |
| Subject | OTHERS |
| Description | BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY")
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") (THE "PROPOSAL") |
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We refer to the announcements dated 10 February 2026, 23 February 2026 and 3 March 2026 in relation to the Proposal. Unless otherwise defined, the abbreviations and definitions used in the earlier announcement dated 10 February 2026 in relation to the Proposal shall apply herein.
On behalf of the Board of Directors of BHIC, Affin Hwang Investment Bank Berhad wishes to announce that the application in relation to the Proposal has been submitted to the Securities Commission Malaysia pursuant to subparagraph 2(a) of Schedule 3 of the Rules on Take-overs, Mergers and Compulsory Acquisitions.
This announcement is dated 9 March 2026. |
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Announcement Info
| Company Name | BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
| Stock Name | BHIC |
| Date Announced | 09 Mar 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09032026-00098 |