The Week Ahead

  • Business
  • Saturday, 05 Apr 2003

Tuesday, April 8 



· Sriwani Holdings Bhd 

EGM at Shangri-La's Golden Sands Resort, Batu Feringgi Beach, Penang, 8.30 am 


1) Proposed reduction of paid-up share capital by cancellation of RM0.98 from par value and consolidation of every 50 shares of RM0.02 each into one RM1 share  

2) Proposed amendment to articles of association 

3) Proposed debt restructuring scheme between Sriwani, subsidiaries and creditors for debts totalling RM664 million 

4) Proposed restricted issue of new shares at RM1 each to Multi Esprit Sdn Bhd 

5) Proposed renounceable rights issue at RM1 each on the basis of seven new shares for three shares held, together with irredeemable convertible preference shares (ICPS) of RM0.10 each on the basis of 75 ICPS for every two shares held 

6) Proposed acquisitions of entire equity interest in Winner Prompt Sdn Bhd and Selasih Eksklusif Sdn Bhd 

7) Proposed issuance of ICPS to Malaysia Airports (Sepang) Sdn Bhd in relation to proposed compromise and settlement arrangement 

8) Proposed additional issue of ICPS to Commerce International Merchant Bankers Bhd as primary subscriber 

9) Proposed increase in authorised share capital from RM500 million to RM1 billion 

10) Proposed exemption to Multi Esprit from having to undertake mandatory offer for remaining Sriwani shares 

11) Proposed Esos 

12) Proposed issue of options to executive directors 

13) Proposed change of auditors  


l Sapura Telecommunications Bhd 

EGM at Sapura@Mines, Jalan Tasik, The Mines Resort City, Seri Kembangan, Selangor, 10 am 

Resolution: Proposed acquisition of up to 100 per cent of paid-up share capital of Crest Petroleum Bhd  


l BSA International Bhd 

AGM and EGM at Perangsang Templer Golf Club, Templer Park Resort, Rawang, Selangor, 10 am 


1) Proposed private placement of up to 12 million new shares 

2) Proposed one-for-two bonus issue 

3) Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature 

Wednesday, April 9 




· Transwater Corp 

EGM at Ground Floor, 83 Jalan SS25/2 Taman Bukit Emas, Petaling Jaya, 9.30 am 


1) Proposed acquisition of Berjaya Systems Integrators Sdn Bhd 

2) Mandatory offer for shares in Hyundai-Berjaya Sdn Bhd 

3) Proposed rights issue on the basis of three new shares and three warrants for every five shares held 

4) Proposed increase in authorised share capital from RM100 million to RM500 million 

Thursday, April 10 





· Eng Teknologi Holdings Bhd 

EGM at Hotel Equatorial, Jalan Bukit Jambul, Bayan Lepas, Penang, 3 pm 


1) Proposed disposal of 100 per cent equity interest in Engtek Precision (Thailand) Co Ltd to Altum Precision Pte Ltd for RM9.9 million 

2) Proposed acquisition of 39.09 per cent equity interest in Altum from Ultro Technologies Ltd for RM30.67 million cash 

3) Proposed acquisition of 8.29 per cent equity interest in Altum from Lim Ee Ann and Lim Ee Chuan for RM6.5 million cash 

4) Proposed grant of call option by Ultro, giving Eng Teknologi the option to acquire all Altum shares held by Ultro 

5) Proposed grant of put option to Ultro, giving it the option to require Eng Teknologi to purchase all Altum shares held by Ultro 

Friday, April 11 





· Public Finance Bhd 

AGM and court-convened meeting at Shangri-La Hotel, Jalan Sultan Ismail, Kuala Lumpur, 11 am 

Resolutions: Proposed scheme of arrangement between Public Finance, its shareholders and Public Bank Bhd 

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