CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A PROPOSED DISPOSAL BY WZ SATU BERHAD (“WZ SATU”) OF THE ENTIRE ISSUED SHARE CAPITAL OF WENG ZHENG TRADING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WZ SATU, TO TAN JING XIN FOR A CASH CONSIDERATION OF RM22,800,000 (“PROPOSED DISPOSAL”) PART B INDEPENDENT ADVICE LETTER FROM KAF INVESTMENT BANK BERHAD TO THE NON-INTERESTED SHAREHOLDERS OF WZ SATU IN RELATION TO THE PROPOSED DISPOSAL PART C PROPOSED BONUS ISSUE OF UP TO 157,321,584 NEW ORDINARY SHARES IN WZ SATU (“SHARES”) (“BONUS SHARES”) ON THE BASIS OF 1 BONUS SHARE FOR EVERY 3 EXISTING SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER

Reference Number  : DCS-26122017-00021 

Circular/Notice to Shareholders

Company Name Stock Name Date Announced
WZ SATU BERHAD WZSATU 29 DIS 2017
WZ SATU BERHAD

 

 

 

 

 

 

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A PROPOSED DISPOSAL BY WZ SATU BERHAD (“WZ SATU”) OF THE ENTIRE ISSUED SHARE CAPITAL OF WENG ZHENG TRADING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WZ SATU, TO TAN JING XIN FOR A CASH CONSIDERATION OF RM22,800,000 (“PROPOSED DISPOSAL”) PART B INDEPENDENT ADVICE LETTER FROM KAF INVESTMENT BANK BERHAD TO THE NON-INTERESTED SHAREHOLDERS OF WZ SATU IN RELATION TO THE PROPOSED DISPOSAL PART C PROPOSED BONUS ISSUE OF UP TO 157,321,584 NEW ORDINARY SHARES IN WZ SATU (“SHARES”) (“BONUS SHARES”) ON THE BASIS OF 1 BONUS SHARE FOR EVERY 3 EXISTING SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER



Please refer attachment below.