BHIC

0.475

(%)

OTHERS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY") SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE FOR THE ORDINARY SHARES IN BHIC ("BHIC SHARES") NOT OWNED BY BOUSTEAD HOLDINGS BERHAD ("BHB"); AND CAPITAL REDUCTION AND REPAYMENT EXERCISES FOR THE REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") CLASS A IN BHIC ("RCPS A") AND ISLAMIC RCPS CLASS A IN BHIC ("RCPS-i A"), PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") (THE "CAPITAL REDUCTION")

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Type Announcement
Subject OTHERS
Description 
BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY")

SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE FOR THE ORDINARY SHARES IN BHIC ("BHIC SHARES") NOT OWNED BY BOUSTEAD HOLDINGS BERHAD ("BHB"); AND CAPITAL REDUCTION AND REPAYMENT EXERCISES FOR THE REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") CLASS A IN BHIC ("RCPS A") AND ISLAMIC RCPS CLASS A IN BHIC ("RCPS-i A"), PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") (THE "CAPITAL REDUCTION")

We refer to the announcements dated 10 February 2026, 23 February 2026, 3 March 2026, 9 March 2026, 2 April 2026, 6 April 2026, 29 April 2026, 22 May 2026, 1 July 2026, 24 July 2026 and 27 July 2026 in relation to the Capital Reduction. Unless otherwise defined, the abbreviations and definitions used in the previous announcements in relation to the Capital Reduction shall apply herein.

 

On behalf of the Board, Affin Hwang IB wishes to announce that an office copy of the sealed High Court Order dated 1 July 2026 has been lodged with the Registrar of Companies on 10 August 2026. Accordingly, the resolution for the Capital Reduction as confirmed by the High Court Order has taken effect on 10 August 2026 pursuant to subsection 116(6) of the Act.

 

The settlement of the Offer Price to the Entitled Holders will be effected on 20 August 2026.

 

 

This announcement is dated 10 August 2026.



Announcement Info

Company Name BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name BHIC
Date Announced 10 Aug 2026
Category General Announcement for PLC
Reference Number GA1-10082026-00044


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