OTHERS KUMPULAN PERANGSANG SELANGOR BERHAD ("KPS BERHAD" OR "COMPANY") ISSUANCE OF NEW REDEEMABLE PREFERENCE SHARES BY TWO (2) OF KPS BERHAD'S INDIRECT WHOLLY-OWNED SUBSIDIARIES, NAMELY TOYOPLAS MANUFACTURING (MALAYSIA) SDN BHD AND CENTURY BOND BHD TO THEIR RESPECTIVE CHIEF EXECUTIVE OFFICERS FOR THE PURPOSE OF LONG-TERM INCENTIVE PLAN
| KUMPULAN PERANGSANG SELANGOR BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | KUMPULAN PERANGSANG SELANGOR BERHAD ("KPS BERHAD" OR "COMPANY")
ISSUANCE OF NEW REDEEMABLE PREFERENCE SHARES BY TWO (2) OF KPS BERHAD'S INDIRECT WHOLLY-OWNED SUBSIDIARIES, NAMELY TOYOPLAS MANUFACTURING (MALAYSIA) SDN BHD AND CENTURY BOND BHD TO THEIR RESPECTIVE CHIEF EXECUTIVE OFFICERS FOR THE PURPOSE OF LONG-TERM INCENTIVE PLAN |
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Reference is made to the Company’s announcements dated 19 December 2023, 23 December 2024, 7 and 8 April 2025 regarding the issuance of 100 new Redeemable Preference Shares at an issue price of RM1.00 each (“Preference Shares”) by one of the Company’s indirect wholly-owned subsidiaries namely, Toyoplas Manufacturing (Malaysia) Sdn Bhd (“TMM”), to its Chief Executive Officer as part of its long term-incentive plan (“Announcement”). The Company wishes to announce that the Preference Shares issued on 7 April 2025 have been fully redeemed at their issue price of RM1.00 each, totalling RM100.00, on 19 January 2026. Except for the RM100.00 decrease in the consolidated net asset position of KPS Berhad arising from the redemption of Preference Shares, there is no effect on the capital structure of TMM, which remains an indirect wholly-owned subsidiary of the Company.
This announcement is dated 19 January 2026. |
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Announcement Info
| Company Name | KUMPULAN PERANGSANG SELANGOR BERHAD |
| Stock Name | KPS |
| Date Announced | 19 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19012026-00025 |