General Announcement
Reference No OD-070130-70048 |
| Submitting Merchant Bank |
: HWANG-DBS INVESTMENT BANK BERHAD |
| Stock Name |
: FRONTKN |
| Date Announced |
: 06/02/2007 |
| Type |
: Announcement |
| Subject |
: FRONTKEN CORPORATION BERHAD ("FCB" or
Company)
·Proposed Acquisition of 5,700,000 Ordinary Shares
of NT$10 each in Ares Green Technology Corporation
("AGTC") representing 19% of the Issued and Paid-
up Share Capital of AGTC for a Cash Consideration of
NT$210.9 million
·Proposed Shareholders' Ratification and Mandate for
Recurrent Related Party Transactions of a Revenue
or Trading Nature
·Proposed Authority to Allot and Issue Shares
pursuant to Section 132D of the Companies Act, 1965
of up to 10% of the issued and paid-up capital of the
Company
·Proposed Increase in the Authorised Share Capital of
FCB from RM50,000,000 comprising 500,000,000
Ordinary Shares of RM0.10 each ("FCB Shares") to
RM100,000,000 comprising 1,000,000,000 FCB
Shares (Collectively referred to as "Proposals") |
| |
| Contents : |
On behalf of the Board of Directors of FCB, Hwang-DBS Investment Bank Berhad (formerly known as Hwang-DBS Securities Berhad) is pleased to announce that the shareholders of the Company, have approved and passed all the resolutions in relation to the Proposals, as set out in the Notice of Extraordinary General Meeting ("EGM") dated 22 January 2007, at the Company's EGM held today.
This announcement is dated 6 February 2007. |
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