KSSC: CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED ACQUISITION BY K. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY") OF 1,104,000 ORDINARY SHARES IN METALMACH MICRO TECHNOLOGY SDN BHD, REPRESENTING 40% EQUITY INTEREST FOR A CASH CONSIDERATION OF RM14.00 MILLION; (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF KSSC TO INCLUDE THE MANUFACTURING OF INTERMEDIATE METAL PRODUCTS; AND (III) PROPOSED PRIVATE PLACEMENT OF UP TO 55,739,900 NEW ORDINARY SHARES IN KSSC, REPRESENTING NOT MORE THAN 30% OF THE ISSUED ORDINARY SHARES OF KSSC (ASSUMING FULL EXERCISE OF ITS OUTSTANDING WARRANTS) TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER. (COLLECTIVELY, REFERRED AS THE "PROPOSALS")
KSSC: CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED ACQUISITION BY K. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY") OF 1,104,000 ORDINARY SHARES IN METALMACH MICRO TECHNOLOGY SDN BHD, REPRESENTING 40% EQUITY INTEREST FOR A CASH CONSID
KSSC:致股东的通函,内容涉及:(I) K.SENG CORPORATION BERHAD(“KSSC” 或 “公司”)拟收购METALMACH MICRO TECHNOLOGY SDN BHD的1,104,000股普通股,相当于40%的股权,现金对价为1,400万令吉;(II)提议将KSSC的现有业务分散到包括中间金属产品的制造;以及(III)建议进行高达1,400万令吉的私募配售 KSSC的55,739,900股新普通股,不超过KSSC已发行普通股的30%(假设已满额)向独立第三方投资者行使其未偿还