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OTHERS MINTYE BERHAD ("MINTYE" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MINTYE PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

MINTYE BERHAD

Type Announcement
Subject OTHERS
Description
MINTYE BERHAD ("MINTYE" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MINTYE PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

Reference is made to the Company’s announcements dated 19 August 2019 and subsequent announcements as well as the circular to shareholders dated 29 October 2019 in relation to the Proposed SCR (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcements.

On behalf of the Board, Hong Leong Investment Bank Berhad wishes to announce that the High Court has postponed the court hearing date to 23 March 2020 to confirm the reduction of share capital of the Company pursuant to Section 116 of the Act to give effect to the Proposed SCR.

Following the above, we are pleased to set out below the latest tentative timetable for the implementation of the Proposed SCR:

Date Event
23 March 2020 - Announcement that the High Court has granted the Order
End-March 2020

- Announcement of Entitlement Date for the capital repayment to the Entitled Shareholders

- Announcement of the notice of suspension of trading of Mintye Shares

Early-April 2020

- Lodgement of an office copy of the Order with the Registrar of Companies

- Entitlement Date

Mid-April 2020

- Settlement of the SCR Offer Price

- Completion

End-April 2020 - De-listing of Mintye from the Official List of Bursa Securities

This announcement is dated 2 March 2020.






Announcement Info

Company Name MINTYE BERHAD
Stock Name MBG
Date Announced 02 Mar 2020
Category General Announcement for PLC
Reference Number GA1-02032020-00080