KSSC: CIRCULAR TO SHAREHOLDERS IN RELATION TO (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 FROM LOW KIM YOONG FOR A CASH CONSIDERATION OF RM14.00 MILLION; (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF KSSC TO INCLUDE THE MANUFACTURING OF HIGH PRECISION 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 (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 FROM LOW KIM YOONG F
KSSC：致股東的通函，涉及 (I) K.SENG SENG CORPORATION BERHAD（“KSSC” 或 “公司”）擬以1400萬令吉的現金對價收購METALMACH MICRO TECHNOLOGY SDN BHD的1,104,000股普通股，代表低金勇40％的股權；（II）提議分散KSSC的現有業務，包括高精度金屬產品的製造；以及（III）擬議的私募股權在KSSC中配售最多55,739,900股新普通股，不超過已發行普通股的30％KSSC（假設已全部行使未償認股權證）向獨立第三方投資者進行