BRIGHT - OTHERS BRIGHT PACKAGING INDUSTRY BERHAD (“BRIGHT” OR THE "COMPANY") (I) PROPOSED PAR VALUE REDUCTION; (II) PROPOSED SHARE PREMIUM REDUCTION; AND (III)PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| Company Name | BRIGHT PACKAGING INDUSTRY BERHAD |
| Stock Name | BRIGHT |
| Date Announced | 19 Apr 2013 |
| Category | General Announcement |
| Reference No | OS-130418-63144 |
| Type | Announcement |
| Subject | OTHERS |
| Description | BRIGHT PACKAGING INDUSTRY BERHAD (“BRIGHT” OR THE "COMPANY") (I) PROPOSED PAR VALUE REDUCTION; (II) PROPOSED SHARE PREMIUM REDUCTION; AND (III)PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
On behalf of the Board of Directors of the Company (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following: (i) proposed reduction of the issued and paid-up share capital of the Company pursuant to Section 64(1) of the Companies Act, 1965 (“Act”) involving the cancellation of RM0.50 par value of all existing ordinary shares of RM1.00 each in the Company (“Proposed Par Value Reduction”); (ii) proposed reduction of up to RM2,157,000 from the share premium account of the Company pursuant to Sections 60(2) and 64(1) of the Act (“Proposed Share Premium Reduction”); and (iii) proposed amendments to the Memorandum and Articles of Association of the Company to facilitate the Proposed Par Value Reduction (“Proposed Amendments”). (collectively referred to as the “Proposals”) Please refer to the attachment for the full text on the announcement of the Proposals. This announcement is dated 19 April 2013. | |
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