ANNUALREPORT 2013
57
ISSUEOFSHARESANDDEBENTURES
As approved by the shareholders of the Company at the Extraordinary General Meeting held on
29th July 2013, the authorised share capital of theCompany was increased fromRM100,000,000 to
RM200,000,000 during the financial year by the creation of additional 1,000,000,000 new ordinary
sharesofRM0.10each.Also, the issuedandpaid-upsharecapital of theCompanywas increased from
RM50,160,000 toRM94,665,214during thefinancial year bywayof a rights issueof 445,052,137new
ordinarysharesofRM0.10eachat an issuepriceofRM0.11per ordinaryshareon thebasisof one (1)
newordinary shareof RM0.10each for everyone (1) existingordinary shareof RM0.10each together
withone (1) freewarrant for every four (4) rights shares subscribed.
The issued and paid-up share capital of the Company was increased further from RM94,665,214
to RM104,131,714 during the financial year by the allotment of 94,665,000 new ordinary shares of
RM0.10 each in theCompany at an issue price of RM0.10 per new ordinary share for cash byway of
privateplacement.
All thenewordinaryshares issued rankparipassuwith the thenexistingordinarysharesof theCompany.
SHAREOPTIONS
No options have been granted by the Company to any parties during the financial year to take up
unissued shares of theCompany.
No shareshavebeen issuedduring the financial year by virtueof theexerciseof anyoption to takeup
unissued shares of theCompany. As at the end of the financial year, therewere no unissued shares
of theCompany under options.
DIRECTORS
The directorswho served on theBoard of theCompany since the date of the last report are:
Dato’WongSheeKai
DatukSeri SyedAli BinAbbasAlhabshee
Dato’ Hussian@Rizal BinARahman
YeongSiew Lee
DIRECTORS’BENEFITS
Since the end of the previous financial year, no director of the Company has received or become
entitled to receiveanybenefit (other than thebenefit included in theaggregateamount of emoluments
receivedordueand receivableby thedirectors in thefinancial statementsor thefixedsalaryofa full-time
employeeof theCompanyor a relatedcorporation) by reasonof acontractmadeby theCompanyor a
relatedcorporationwith thedirector orwithafirmofwhich thedirector isamember, orwithacompany
inwhich the director has a substantial financial interest.
Directors’ Report
(Cont’d)
