L&G - Circular/Notice to Shareholders
Announcement Type: PDF Submission
| Company Name | LAND & GENERAL BERHAD |
| Stock Name | L&G |
| Date Announced | 16 Jul 2013 |
| Category | PDF Submission |
| Reference No | MM-130716-35632 |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PART A (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF RM77,779,589 NOMINAL VALUE OF FIVE (5)-YEAR, 1%, IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“ICULS”) AT 100% OF THE NOMINAL VALUE OF RM0.13 EACH ON THE BASIS OF RM0.13 NOMINAL VALUE OF THE ICULS FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.20 EACH IN L&G HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“PROPOSED RIGHTS ISSUE OF ICULS”); AND (II) PROPOSED ACQUISITION OF ONE (1) BLOCK OF THIRTEEN (13)-STOREY STRATIFIED OFFICE FLOORS BEING CONSTRUCTED OVER A PIECE OF FREEHOLD LAND HELD UNDER GERAN 825, LOT NO. 3, PRESINT 3, TOWN AND DISTRICT OF PUTRAJAYA, STATE OF WILAYAH PERSEKUTUAN PUTRAJAYA BY MAPLE DOMAIN SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF L&G, FROM MAYLAND AVENUE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MALAYSIA LAND PROPERTIES SDN BHD, FOR A TOTAL CASH CONSIDERATION OF RM72,485,000 (“PROPOSED ACQUISITION”) PART B INDEPENDENT ADVICE LETTER FROM KAF INVESTMENT BANK BERHAD TO THE NON-INTERESTED SHAREHOLDERS OF L&G IN RELATION TO THE PROPOSED ACQUISITION |
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