Corporate Exercise

Resources

  1. Proposed Bonus Issue of up to 74,575,827 new ordinary shares of RM0.50 each in WZ Satu Berhad (“WZ Satu”) (“WZ Satu Shares”) (“Bonus Shares”) on the basis of 1 Bonus Share for every 5 existing WZ Satu Shares held on entitlement date to be determined later
  2. Proposed establishment of a Long Term Incentive Plan for the Eligible Executives of WZ Satu and its subsidiaries (excluding dormant subsidiaries) and Executive Directors of WZ Satu (“Proposed LTIP”)
  3. Proposed Increase in the Authorised Share Capital of WZ Satu from RM250,000,000 comprising 500,000,000 WZ Satu Shares to RM375,000,000 comprising 750,000,000 WZ Satu Shares
  4. Proposed Amendments to the Memorandum and Articles of Association of WZ Satu
  5. Proposed Allocations of Awards Under the Proposed LTIP to the Eligible Directors of WZ Satu

  1. Proposed Disposal by WZ Satu Berhad of the entire equity interest in Weng Zheng Marketing Sdn Bhd to Tan Ching Kee for a cash consideration of RM6,079,394
  2. Independent Advice Letter from KAF Investment Bank Berhad to the Non-Interested Shareholders of WZ Satu Berhad in relation to the Proposed Disposal

  1. Proposed Issuance of 95.0 million free warrants in WZ Satu Berhad
  2. Proposed Placement of 57.0 million new ordinary shares in WZ Satu Berhad to 3rd Party Bumiputera Institution(s) and/or Investors
  3. Proposed acquisition of 100% equity in Misi Setia Oil & Gas Sdn Bhd for a Purchase Consideration of RM27.0 million
  4. Proposed diversification of existing core businesses of the Group to include Oil and Gas
  5. Proposed increase in authorised share capital of WZ Satu Berhad from RM100.0 million to RM250.0 million
  6. Proposed amendments to the Memorandum and Articles of Association of WZ Satu Berhad

  • Renounceable Rights Issue of up to 55.0 million new ordinary shares of RM0.50 each in WZ Satu Berhad (“Rights Shares”) at an issue price of RM0.60 per Rights Share on the basis of 1 Rights Share for every 2 existing ordinary shares of RM0.50 each in WZ Satu Berhad held by the shareholders of WZ Satu Berhad as at 5.00 P.M. on 15 April 2014

  1. Proposed Rights Issue of 55.0 million new ordinary shares in WZ Satu Berhad
  2. Proposed acquisition of 100% equity in KenKeong Sdn Bhd for a Purchase Consideration of RM27.5 million
  3. Proposed diversification of existing core businesses of the Group to include Civil Engineering and Construction
  4. Proposed entering into Bauxite Mining Works Agreement
  5. Proposed diversification of existing core businesses of the Group to include Mining