CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN WZ SATU BERHAD (“WZ SATU”) (“ICPS”) TOGETHER WITH FREE DETACHABLE WARRANTS IN WZ SATU TO THE ENTITLED SHAREHOLDERS OF WZ SATU AT AN ISSUE PRICE AND ENTITLEMENT BASIS TO BE DETERMINED AND ANNOUNCED LATER TO RAISE INDICATIVE GROSS PROCEEDS OF UP TO APPROXIMATELY RM70.7 MILLION (“PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS”) (II) PROPOSED AMENDMENTS TO THE CONSTITUTION OF WZ SATU TO FACILITATE THE ISSUANCE OF THE ICPS PURSUANT TO THE PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS (“PROPOSED AMENDMENTS”) AND NOTICE OF EXTRAORDINARY GENERAL MEETING

Reference Number DCS-03032020-00001

Company Name Stock Name Date Announced
WZ SATU BERHAD WZSATU 03 Mar 2020
WZ SATU BERHAD
Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN WZ SATU BERHAD (“WZ SATU”) (“ICPS”) TOGETHER WITH FREE DETACHABLE WARRANTS IN WZ SATU TO THE ENTITLED SHAREHOLDERS OF WZ SATU AT AN ISSUE PRICE AND ENTITLEMENT BASIS TO BE DETERMINED AND ANNOUNCED LATER TO RAISE INDICATIVE GROSS PROCEEDS OF UP TO APPROXIMATELY RM70.7 MILLION (“PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS”) (II) PROPOSED AMENDMENTS TO THE CONSTITUTION OF WZ SATU TO FACILITATE THE ISSUANCE OF THE ICPS PURSUANT TO THE PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS (“PROPOSED AMENDMENTS”) AND NOTICE OF EXTRAORDINARY GENERAL MEETING

Please refer attachment below.