On behalf of the Board of Directors of EKA, M&A Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:
(i) proposed private placement of up to 72,000,000 new ordinary shares of RM0.15 each in EKA (EKA Shares or Shares) to independent third party investor(s) to be identified (Proposed Private Placement);
(ii) proposed increase in the authorised share capital of the Company from RM60,000,000 comprising 400,000,000 EKA Shares to RM90,000,000 comprising 600,000,000 EKA Shares (Proposed IASC); and
(iii) proposed amendments to the Memorandum and Articles of Association of the Company for the Proposed IASC (Proposed Amendments).
Kindly refer to the attachment for the details of the Proposals.
This announcement is dated 24 April 2014.