Document Submission
03/08/2022Circular/Notice to Shareholders
| FAST ENERGY HOLDINGS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- I. PROPOSED CONSOLIDATION OF EVERY 6 EXISTING ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD ("FAST ENERGY") INTO 1 NEW ORDINARY SHARE IN FAST ENERGY ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION"); II. PROPOSED PRIVATE PLACEMENT OF UP TO 35% OF THE TOTAL ISSUED SHARES OF FAST ENERGY TO THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER ("PROPOSED PRIVATE PLACEMENT"); AND III. PROPOSED ACQUISITION OF 175,000 ORDINARY SHARES IN CCK PETROLEUM SDN BHD ("CCKSB") ("SALE SHARE(S)"), REPRESENTING 35% EQUITY INTEREST IN CCKSB FROM MOHD FAIZUL BIN NASIR FOR A PURCHASE CONSIDERATION OF RM28,000,000 TO BE SATISFIED VIA A COMBINATION OF RM23,972,660 IN CASH AND RM4,027,340 VIA THE ISSUANCE OF 11,800,000 NEW ORDINARY SHARES IN FAST ENERGY SHARES ("FAST ENERGY SHARE(S)") AT AN ISSUE PRICE OF RM0.3413 PER FAST ENERGY SHARE ("PROPOSED ACQUISITION") |
Please refer attachment below.
Attachments |
Announcement Info
| Company Name | FAST ENERGY HOLDINGS BERHAD |
| Stock Name | FAST |
| Date Announced | 03 Aug 2022 |
| Category | Document Submission |
| Reference Number | DCS-03082022-00011 |
Related Announcements for FAST
| Date | Title |
|---|---|
| 29/04/2022 | Circular/Notice to Shareholders |
| 29/04/2022 | Annual Report & CG Report |
| 18/11/2021 | Prospectus |