On behalf of the Board of Directors of Sunzen (Board), TA Securities Holdings Berhad (TA Securities) wishes to announce that the Company proposes to undertake the following:
(i) proposed bonus issue of up to 109,523,280 new ordinary shares of RM0.10 each in Sunzen (Sunzen Shares) (Bonus Shares) on the basis of one (1) Bonus Share for every two (2) existing Sunzen Shares held at an entitlement date to be determined later (Entitlement Date) (Proposed Bonus Issue of Shares);
(ii) proposed increase in the authorised share capital of Sunzen from RM25,000,000 comprising 250,000,000 Sunzen Shares to RM50,000,000 comprising 500,000,000 Sunzen Shares (Proposed Increase in Authorised Share Capital); and
(iii) proposed amendment to the Memorandum of Association of Sunzen to facilitate the Proposed Increase in Authorised Share Capital (Proposed Amendment).
Please refer to the attachment for further details of the Proposals.
This announcement is dated 22 January 2015.