GENERAL MEETINGS: Notice of Meeting
| SAND NISKO CAPITAL BERHAD |
| Type of Meeting |
Extraordinary |
| Indicator |
Notice of Meeting |
| Description |
Extraordinary General Meeting
|
| Date of Meeting |
11 Mar 2020 |
| Time |
09:30 AM |
| Venue(s) |
The Conference Room, Lot 76 & 77,
Kawasan Perindustrian Bukit Rambai,
75250 Melaka.
Malaysia
|
| Date of General Meeting Record of Depositors |
03 Mar 2020 |
Resolutions |
|
1. ORDINARY RESOLUTION 1
|
| Description |
PROPOSED DISPOSAL BY SNCB OF ITS ENTIRE EQUITY INTEREST IN LEN CHEONG FURNITURE SDN BHD ("LCF"), ITS WHOLLY-OWNED SUBSIDIARY TO DPS REALTY SDN BHD ("DPSR") FOR A TOTAL CASH CONSIDERATION OF RM10,000,000.00 ("PROPOSED DISPOSAL")
|
| Shareholder’s Action |
For Voting |
|
2. ORDINARY RESOLUTION 2
|
| Description |
PROPOSED PRIVATE PLACEMENT OF UP TO 13,200,000 NEW ORDINARY SHARES IN SNCB ("SNCB SHARES")("PLACEMENT SHARES") REPRESENTING UP TO 20% OF THE ISSUED SHARE CAPITAL OF SNCB TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER ("PROPOSED PRIVATE PLACEMENT")
|
| Shareholder’s Action |
For Voting |
|
3. ORDINARY RESOLUTION 3
|
| Description |
PROPOSED SPECIAL ISSUE OF UP TO 6,600,000 NEW SNCB SHARES ("SI SHARES") REPRESENTING UP TO 10% OF THE ISSUED SHARE CAPITAL OF SNCB TO DATO SERI (DR) SOW CHIN CHUAN, JP ("DATO SERI SOW") ("PROPOSED SPECIAL ISSUE")
|
| Shareholder’s Action |
For Voting |
|
4. ORDINARY RESOLUTION 4
|
| Description |
PROPOSED ESTABLISHMENT OF AN EMPLOYEE SHARE OPTION SCHEME ("ESOS") INVOLVING UP TO 15% OF THE ENLARGED ISSUED SHARE CAPITAL OF SNCB (AFTER THE PROPOSED PRIVATE PLACEMENT AND PROPOSED SPECIAL ISSUE) TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SNCB AND ITS SUBSIDIARIES ("SNCB GROUP") ("PROPOSED ESOS")
|
| Shareholder’s Action |
For Voting |
|
Please refer attachment below.
Announcement Info
| Company Name |
SAND NISKO CAPITAL BERHAD
|
| Stock Name |
SNC |
| Date Announced |
20 Feb 2020 |
| Category |
General Meeting |
| Reference Number |
GMA-20022020-00002 |
| Corporate Action ID |
MY200220MEET0002 |