MULTIPLE PROPOSALS VOIR HOLDINGS BERHAD ("VOIR" OR THE "COMPANY") (I) PROPOSED SHARE SUBSCRIPTION; (II) PROPOSED DISPOSAL; (III) PROPOSED DIVERSIFICATION; (IV) PROPOSED CHANGE OF NAME; AND (V) PROPOSED SIS (COLLECTIVELY REFERRED TO AS THE PROPOSALS")
Type Announcement
Subject MULTIPLE PROPOSALS
Description

VOIR HOLDINGS BERHAD ("VOIR" OR THE "COMPANY")

(I) PROPOSED SHARE SUBSCRIPTION;

(II) PROPOSED DISPOSAL;

(III) PROPOSED DIVERSIFICATION;

(IV) PROPOSED CHANGE OF NAME; AND

(V) PROPOSED SIS

(COLLECTIVELY REFERRED TO AS THE PROPOSALS")

On behalf of the Board of Directors of the Company ("Board"), Mercury Securities Sdn Bhd (Mercury Securities) wishes to announce that the Company proposes to undertake the following:-



(i) proposed share subscription of 3,500,000 new ordinary shares representing 13.21% equity interest in Consortium Zenith Construction Sdn Bhd (formerly known as Consortium Zenith BUCG Sdn Bhd) ("Consortium Zenith") for a cash consideration of RM9.86 million ("Proposed Share Subscription");


(ii) proposed disposal of the entire equity interest in Applemints Apparels Sdn Bhd ("Applemints Apparels") for a cash consideration of RM21.0 million ("Proposed Disposal");


(iii) proposed diversification of the principal activities of the Company and its subsidiaries ("Voir Group" or the "Group") to include construction, property development, property investment, infrastructure projects and toll concession business ("Proposed Diversification");


(iv) proposed change of name from "Voir Holdings Berhad" to "Vertice Berhad" ("Proposed Change of Name"); and


(v) proposed establishment of a share issuance scheme ("SIS") of up to 15% of the issued share capital (excluding treasury shares) of the Company ("Proposed SIS").



(collectively the "Proposals")

Please refer to the attached document for further details on the Proposals.

This announcement is dated 30 August 2017.

VOIR Holdings Bhd published this content on 30 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 September 2017 07:52:06 UTC.

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