R&A Telecommunication Group Bhd
+603 55691801 +603 55695730

MULTIPLE PROPOSALS

General Announcement
Reference No OI-120127-55247

 

Submitting Merchant Bank
:
OSK INVESTMENT BANK BERHAD  
Company Name
:
R&A TELECOMMUNICATION GROUP BERHAD (ACE Market) 
Stock Name
:
RA  
Date Announced
:
27/01/2012  
Admission Sponsor
:
OSK Investment Bank Bhd
Sponsor
:
Same as above

 

Type
:
Announcement
Subject
:
MULTIPLE PROPOSALS
Description
:
R&A TELECOMMUNICATION GROUP BERHAD (FORMERLY KNOWN AS KZEN SOLUTIONS BERHAD) ("R&A" OR THE "COMPANY")

I. PROPOSED BONUS ISSUE OF 87,896,600 WARRANTS IN R&A ("WARRANT(S)") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM0.10 EACH IN R&A ("R&A SHARE(S)" OR "SHARE(S)") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE OF WARRANTS");

II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF R&A FROM RM100,000,000 COMPRISING 1,000,000,000 R&A SHARES TO RM150,000,000 COMPRISING 1,500,000,000 R&A SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND

III. PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF R&A ("PROPOSED AMENDMENTS")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")


Announcement Details/Table Section :

 

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

    We refer to the announcements made by OSK Investment Bank Berhad ("OSK"), on behalf of the Board of Directors of R&A ("Board"), on 20 December 2011, 16 January 2012 and 25 January 2012.
      On behalf of the Board, OSK wishes to announce that the Controller of Foreign Exchange (via Bank Negara Malaysia) had, vide its letter dated 26 January 2012 (which was received on 27 January 2012), approved the issuance of the Warrants to the non-resident shareholders of the Company pursuant to the Proposed Bonus Issue of Warrants.
        The Proposals are now subject to the approval of the shareholders of R&A at an extraordinary general meeting of the Company to be convened, details of which will be set out in the circular to shareholders to be issued in due course.
        This announcement is dated 27 January 2012.