BHIC

0.475

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OTHERS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE FOR THE ORDINARY SHARES IN BHIC ("BHIC SHARES") NOT OWNED BY BOUSTEAD HOLDINGS BERHAD ("BHB"); AND PROPOSED CAPITAL REDUCTION AND REPAYMENT EXERCISE FOR THE REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") CLASS A ("RCPS A") AND ISLAMIC RCPS CLASS A ("RCPS-i A"), PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") (THE "PROPOSAL")

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Type Announcement
Subject OTHERS
Description 
BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE FOR THE ORDINARY SHARES IN BHIC ("BHIC SHARES") NOT OWNED BY BOUSTEAD HOLDINGS BERHAD ("BHB"); AND PROPOSED CAPITAL REDUCTION AND REPAYMENT EXERCISE FOR THE REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") CLASS A ("RCPS A") AND ISLAMIC RCPS CLASS A ("RCPS-i A"), PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") (THE "PROPOSAL")

We refer to the announcements dated 10 February 2026, 23 February 2026, 3 March 2026, 9 March 2026, 2 April 2026, 6 April 2026 and 29 April 2026 in relation to the Proposal. Unless otherwise defined, the abbreviations and definitions used in the previous announcements in relation to the Proposal shall apply herein.

 

 

On behalf of the Board of Directors of BHIC, Affin Hwang IB wishes to announce that the Company had on 22 May 2026 filed a petition to the High Court in Malaya ("High Court") to obtain an order by the High Court confirming the reduction of the BHIC Shares, RCPS A and RCPS-i A under the Proposal pursuant to Section 116 of the Act to give effect to the Proposal.

 

 

This announcement is dated 22 May 2026.



Announcement Info

Company Name BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name BHIC
Date Announced 22 May 2026
Category General Announcement for PLC
Reference Number GA1-22052026-00026


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