On behalf of the board of directors of HLT, KAF Investment Bank Berhad wishes to announce that the Company is proposing to undertake the following proposals:-
(i) proposed consolidation of every ten (10) ordinary shares in HLT into one (1) new ordinary share of HLT ("Consolidated Share") ("Proposed Share Consolidation");
(ii) proposed reduction of the issued share capital of HLT pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction"); and
(iii) proposed private placement of 37,643,700 Consolidated Shares, which represent 30% of the total number of Consolidated Shares after the completion of the Proposed Share Consolidation and Proposed Capital Reduction.
Kindly refer to the attached document for the complete announcement.
This announcement is dated 31 March 2026.