MULTIPLE PROPOSALS INDUSTRONICS BERHAD (“ITRONIC” OR THE “COMPANY”)
(I) PROPOSED ISSUANCE RCPS; AND
(II) PROPOSED AMENDMENTS
(COLLECTIVELY, THE “PROPOSALS”)
INDUSTRONICS BERHAD ("ITRONIC" OR THE "COMPANY") (I) PROPOSED ISSUANCE RCPS; AND (II) PROPOSED AMENDMENTS (COLLECTIVELY, THE "PROPOSALS")
On behalf of the Board of Directors of the Itronic (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the following:-
(i) proposed issuance of up to 250,000,000 new redeemable convertible preference shares (“RCPS”) to Bluemount Investment Fund SPC (“BIF”) at an issue price of RM0.08 per RCPS (“Proposed Issuance of RCPS”); and
(ii) proposed amendments to the Constitution of the Company to facilitate the Proposed Issuance of RCPS (“Proposed Amendments”).
Please refer to the attachment for the Announcement in relation to the Proposals.
This Announcement is dated 13 February 2020
Please refer attachment below.
|Company Name||INDUSTRONICS BERHAD|
|Date Announced||13 Feb 2020|
|Category||General Announcement for PLC|