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MULTIPLE PROPOSALS ASDION BERHAD ("ASDION") (I) PROPOSED SETTLEMENT OF DEBTS OWING TO CERTAIN CREDITORS OF ASDION IN THE AGGREGATE SUM OF RM4,087,518.11 TO BE FULLY SATISFIED THROUGH THE ISSUANCE OF 62,884,894 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES AT AN ISSUE PRICE OF RM0.065 EACH ("PROPOSED DEBT SETTLEMENT"); AND (II) PROPOSED AMENDMENTS TO THE CONSTITUTION OF ASDION (COLLECTIVELY REFERRED TO AS "PROPOSALS")

ASDION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
ASDION BERHAD ("ASDION")

(I)	PROPOSED SETTLEMENT OF DEBTS OWING TO CERTAIN CREDITORS OF ASDION IN THE AGGREGATE SUM OF RM4,087,518.11 TO BE FULLY SATISFIED THROUGH THE ISSUANCE OF 62,884,894 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES AT AN ISSUE PRICE OF RM0.065 EACH ("PROPOSED DEBT SETTLEMENT"); AND

(II)	PROPOSED AMENDMENTS TO THE CONSTITUTION OF ASDION

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

We refer to the announcement made on 11 January 2021 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

 

On behalf of Asdion, TA Securities wishes to announce that an additional listing application in relation to the Proposed Debt Settlement has been submitted to Bursa Securities on 2 February 2021.

 

This announcement is dated 3 February 2021.






Announcement Info

Company Name ASDION BERHAD
Stock Name ASDION
Date Announced 03 Feb 2021
Category General Announcement for PLC
Reference Number GA1-02022021-00164


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