| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 19 Nov 2012 |
| Category | : | Additional Listing Announcement (ALA) |
| Reference Number | : | MI-121119-52638 |
Additional Listing Announcement
FAVELLE FAVCO BERHAD
1. Details of Corporate Proposal |
|
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal |
Proposed Acquisition by Favelle Favco Berhad (“FFB”) of a Crane Fabrication Yard Comprising Freehold Industrial Land, Buildings and Improvements, Located at No. 28 Yarrunga Street, Prestons, New South Wales, 2170 Australia with a Total Land Area Measuring Approximately 11.6 Acres from Muhibbah Engineering (M) Bhd (“MEB”) for a Total Purchase Consideration of AUD15,000,000 (Equivalent to RM48,091,500), to be Satisfied via the Issuance of 31,678,743 New Ordinary Shares of RM0.50 Each in FFB (“FFB Shares”) (“Proposed Acquisition”) |
| No. of shares issued under this corporate proposal | 31,678,743 |
| Issue price per share ($$) | MYR 1.518 |
| Par Value ($$) | MYR 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
| Units | 211,967,763 |
| Currency | MYR 105,983,881.500 |
| Listing Date | 20/11/2012 |