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MULTIPLE PROPOSALS JIANKUN INTERNATIONAL BERHAD ("JIANKUN" OR THE "COMPANY") (I) PROPOSED SIS; AND (II) PROPOSED SHARE CAPITAL REDUCTION (COLLECTIVELY, THE PROPOSALS)

JIANKUN INTERNATIONAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
JIANKUN INTERNATIONAL BERHAD ("JIANKUN" OR THE "COMPANY")

(I)	PROPOSED SIS; AND
(II)	PROPOSED SHARE CAPITAL REDUCTION

(COLLECTIVELY, THE PROPOSALS)

On behalf of the Board of Directors of Jiankun (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:-

 

(i)         proposed establishment of a share issuance scheme of up to 15% of the total number of issued shares of the Company (excluding treasury shares, if any) for eligible directors and employees of the Company and its subsidiaries (“Proposed SIS”); and

 

(ii)         proposed reduction of the issued share capital of the Company pursuant to Section 116 of the Companies Act 2016 (“Proposed Share Capital Reduction”),

 

(Collectively, the “Proposals”).

 

Further details of the Proposals are set out in the attachment below.

 

This announcement is dated 22 January 2021.




Please refer attachment below.

Attachments

Jiankun - Multiple proposals.pdf
183.5 kB



Announcement Info

Company Name JIANKUN INTERNATIONAL BERHAD
Stock Name JIANKUN
Date Announced 22 Jan 2021
Category General Announcement for PLC
Reference Number GA1-22012021-00134


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