CIRCULAR TO SHAREHOLDERS

Subject

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- PART A (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 475,084,416 NEW ORDINARY SHARES OF RM0.50 EACH IN MAICA (“MAICA SHARES”) (“RIGHTS SHARES”) ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY ONE (1) EXISTING MAICA SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER, TOGETHER WITH UP TO 158,361,472 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY THREE (3) RIGHTS SHARES SUBSCRIBED FOR (“PROPOSED RIGHTS ISSUE WITH WARRANTS”); (II) PROPOSED PRIVATE PLACEMENT OF UP TO 63,344,588 MAICA SHARES (“PLACEMENT SHARES”) REPRESENTING APPROXIMATELY 10% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF MAICA AFTER THE PROPOSED RIGHTS ISSUE WITH WARRANTS AT AN ISSUE PRICE TO BE DETERMINED LATER (“PROPOSED PRIVATE PLACEMENT”); (III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF MAICA FROM RM100,000,000 COMPRISING 200,000,000 MAICA SHARES TO RM750,000,000 COMPRISING 1,500,000,000 MAICA SHARES (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”); AND (IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF MAICA TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED RIGHTS ISSUE WITH WARRANTS AND PROPOSED PRIVATE PLACEMENT (“PROPOSED M&A AMENDMENTS”) (HEREINAFTER COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) PART B PROPOSED CHANGE OF NAME OF THE COMPANY FROM "MALAYSIA AICA BERHAD" TO "SUNSURIA BERHAD" ("PROPOSED CHANGE OF NAME") AND NOTICE OF EXTRAORDINARY GENERAL MEETING

 

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Attachments

1. MAICA180414circular.pdf (Size: 1,192,354 bytes)