OCR: CIRUCLAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED SETTLEMENT OF ADVANCES OWING BY STACK BUILDER SDN BHD, A 50.5%-OWNED SUBSIDIARY OF THE COMPANY, TO ONG KAH HOE ("OKH") AND TAN CHIN HOONG ("TCH") AMOUNTING TO RM43,296,795 TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF 618,525,646 NEW ORDINARY SHARES IN THE COMPANY ("OCR SHARES" OR "SHARES") AT THE ISSUE PRICE OF RM0.0700 PER SHARE ("PROPOSED SETTLEMENT"); (II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,336,348,534 NEW SHARES ("RIGHTS SHARES") TOGETHER WITH UP TO 1,336,348,534 FREE DETACHABLE WARRANTS IN THE COMPANY (WARRANTS E) ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 2 WARRANTS E FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); (III) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(B) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ISSUED BY THE SECURITIES COMMISSION MALAYSIA ("SC") ("RULES") TO OKH, TCH AND PERSONS ACTING IN CONCERT WITH THEM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING OCR SHARES NOT ALREADY HELD BY THEM UPON THE COMPLETION OF THE PROPOSED SETTLEMENT ("PROPOSED EXEMPTION 1");AND (IV) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(B) OF THE RULES TO OKH AND PERSONS ACTING IN CONCERT WITH HIM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING OCR SHARES NOT ALREADY HELD BY THEM UPON THE COMPLETION OF THE PROPOSED RIGHTS ISSUE WITH WARRANTS ("PROPOSED EXEMPTION 2") (THE PROPOSED EXEMPTION 1 AND THE PROPOSED EXEMPTION 2 SHALL COLLECTIVELY BE REFERRED TO AS THE "PROPOSED EXEMPTIONS") (THE PROPOSED SETTLEMENT, THE PROPOSED RIGHTS ISSUE WITH WARRANTS AND THE PROPOSED EXEMPTIONS SHALL COLLECTIVELY BE REFERRED TO AS THE "PROPOSALS")
OCR: CIRUCLAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED SETTLEMENT OF ADVANCES OWING BY STACK BUILDER SDN BHD, A 50.5%-OWNED SUBSIDIARY OF THE COMPANY, TO ONG KAH HOE ("OKH") AND TAN CHIN HOONG ("TCH") AMOUNTING TO RM43,296,795 TO BE SATISFIED ENTIRELY
OCR:关于(一)拟议通过发行公司618,525,646股新普通股(“OCR股份”或“股份”),以票面0.0700令吉的发行价支付欠Stack Builder Sdn Bhd,该公司的50.5%子公司,欠Ong Kah Hoe(“OKH”)和Tan Chin Hoong(“TCH”)共RM43,296,795;(二)拟议通过发行不超过1,336,348,534股新股(“权利股份”)与同等数量的可拆分认股权证(Warrants E)(“拟议带认股权的权利股份发行”)公开认购,认购比例为每3股现有股份持有人持