News

Circular To Shareholders In Relation Of The: - Proposed Restructuring Of Bank Borrowings Of Ringgit Malaysia ("RM") 224,823,179, Australian Dollar ("AUD") 8,569,705 And US Dollar ("USD") 33,045,814 Of Advance Synergy Berhad ("ASB") And Five (5) Of This Subsidiaries Equivalent To An Amount Estimated At Approximately RM371,221,654 Calculated Up To 30 April 2000 By The Proposed Issuance By ASB of the Following :- Approximately RM126,544,751, AUD1,041,917 And USD 14,946,753 Nominal Value Equivalent To A Total Of Approximately RM185,874,269 Nominal Value Of 5-year 7% Redeemable Loan Stocks With Approximately 84,568,264 Detachable Warrants 2000/2003; And - Approximately RM98,278,428, AUD7,527,788 And USD18,099,061 Nominal Value Equivalent To A Total Of Approximately RM185,347,385 Nominal Value Of 5-year 7% Convertible Loan Stocks With Approximately 84,328,545 Detachable Warrants 2000/2003; And - Proposed Renounceable Restricted Offer For Sale Of The Rights To Allotment Of Up To A Maximum of

BackApr 17, 2000
Circular
Reference No IJ-000417-55135
Company Name
:
ADVANCE SYNERGY BERHAD
Stock Name
:
ASB
Date Announced
:
17/04/2000

Subject
:
CIRCULAR TO SHAREHOLDERS in relation of the:

- PROPOSED RESTRUCTURING OF BANK BORROWINGS OF RINGGIT MALAYSIA ("RM") 224,823,179, AUSTRALIAN DOLLAR ("AUD") 8,569,705 AND US DOLLAR ("USD") 33,045,814 OF ADVANCE SYNERGY BERHAD ("ASB") AND FIVE (5) OF THIS SUBSIDIARIES EQUIVALENT TO AN AMOUNT ESTIMATED AT APPROXIMATELY RM371,221,654 CALCULATED UP TO 30 APRIL 2000 BY THE PROPOSED ISSUANCE BY ASB OF THE FOLLOWING :-

- APPROXIMATELY RM126,544,751, AUD1,041,917 AND USD 14,946,753 NOMINAL VALUE EQUIVALENT TO A TOTAL OF APPROXIMATELY RM185,874,269 NOMINAL VALUE OF 5-YEAR 7% REDEEMABLE LOAN STOCKS WITH APPROXIMATELY 84,568,264 DETACHABLE WARRANTS 2000/2003; AND

- APPROXIMATELY RM98,278,428, AUD7,527,788 AND USD18,099,061 NOMINAL VALUE EQUIVALENT TO A TOTAL OF APPROXIMATELY RM185,347,385 NOMINAL VALUE OF 5-YEAR 7% CONVERTIBLE LOAN STOCKS WITH APPROXIMATELY 84,328,545 DETACHABLE WARRANTS 2000/2003; AND

- PROPOSED RENOUNCEABLE RESTRICTED OFFER FOR SALE OF THE RIGHTS TO ALLOTMENT OF UP TO A MAXIMUM OF 168,896,809 WARRANTS 2000/2003 TO THE STOCKHOLDERS OF ASB ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING STOCK UNITS OF RM1.00 EACH HELD IN ASB ON A DATE TO BE DETERMINED LATER AT AN OFFER PRICE OF RM0.20 PER WARRANT.

Contents
:
ASB-Cover-Content-Definations.pdf
ASB-LetterToStockholdersOfASB.pdf

ASB-Appendix I-InformationOnASB.pdf

ASB-Appendix II (i) (ii) (iii)-IndicativeTermsOfRLS-CLS-Warrants.pdf

ASB-Appendix III-ConsolidatedLossExtimate&Forecast.pdf

ASB-Appendix IV-ProformaConsolBalanceSheet.pdf

ASB-Appendix V-FutherInfo-NoticeEGM-ProxyForm.pdf