General Announcement for PLC
Reference No.: GA1-03102018-00032
Date Announced: 07 Mar 2019
|Description||Subscription of Additional Shares in the Share Capital of CSC Steel Sdn. Bhd.|
Pursuant to Paragraph 9.19 (23) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of CSC Steel Holdings Berhad (“CHB” or the “Company”) wishes to announce that the Company had on 7 March 2019, subscribed for an additional 139,000,000 ordinary shares at par in the capital of its wholly-owned subsidiary, CSC Steel Sdn. Bhd. (Company No.: 228899-P) (“CSCM”) for a cash consideration of RM139,000,000.00.
Following of the shares subscription, the issued and paid up share capital of CSCM has increased from RM220,000,000.00 to RM359,000,000.00. Details of the shareholdings of the Company after the increase in share capital of CSCM are as follow:-
|Name of Shareholder||Total Shareholdings before Subscription||Total Number of Shares subscribed||Total Shareholdings After Subscription||Percentage|
|CSC Steel Holdings Berhad||220,000,000||139,000,000||359,000,000||100.00%|
This announcement is dated 7 March 2019.