News
Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions
BackOct 28, 2013
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | FACB INDUSTRIES INCORPORATED BERHAD ("FACBII" OR THE "COMPANY") CAPITALISATION OF THE DEBT OWING BY DAPAN HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY COMPANY OF KARAMBUNAI CORP BHD ("KCB"), TO FACBII TO BE FULLY SATISFIED VIA THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN KCB ("KCB SHARE(S)") TO FACBII ("CAPITALISATION") |
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The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Capitalisation.
On behalf of FACBII, RHB Investment Bank Berhad wishes to announce that:- i. all the conditions precedent have been fulfilled pursuant to the Settlement Agreement dated 6 December 2012 in relation to the Capitalisation; andii. the debt settlement of RM37,683,036 owing by Dapan Holdings Sdn Bhd to FACBII has been fully settled via the issuance and allotment of a total of 339,181,242 Settlement Shares by KCB to FACBII, which were listed on the Main Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on Monday, 28 October 2013, marking the completion of the Capitalisation.
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Announcement Info
| Company Name | FACB INDUSTRIES INCORPORATED BERHAD |
| Stock Name | FACBIND |
| Date Announced | 28 Oct 2013 |
| Category | General Announcement |
| Reference No | MI-131028-63210 |