Submitting Merchant Bank
OSK INVESTMENT BANK BERHAD
SKP RESOURCES BHD
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
SKP RESOURCES BERHAD (“SKP” OR THE “COMPANY”)
(I) PROPOSED BONUS ISSUE; AND
(II) PROPOSED FREE WARRANTS ISSUE
SKP - Announcement.pdf
Announcement Details/Table Section :
On behalf of the Board of Directors of SKP, OSK Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:
(i) a bonus issue of up to 300,000,000 new ordinary shares of RM0.10 each in SKP (“SKP Share(s)”) (“Bonus Share(s)”) on the basis of one (1) Bonus Share for every two (2) existing SKP Shares held at an entitlement date to be determined later (“Proposed Bonus Issue”); and
(ii) an issuance of up to 180,000,000 free warrants in SKP (“Free Warrant(s)”) on the basis of one (1) Free Warrant for every five (5) SKP Shares held after the Proposed Bonus Issue (“Proposed Free Warrants Issue”).
(Collectively referred to as the “Proposals”)
Further details of the Proposals are set out in the following attachment.
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