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|CHINA AUTOMOBILE PARTS HOLDINGS LIMITED|
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)|
CHINA AUTOMOBILE PARTS HOLDINGS LIMITED ("CAP" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE; (II) PROPOSED IASC; AND (III) PROPOSED AMENDMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of CAP (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) is pleased to announce that the Company proposes to undertake the following:-
(i) proposed bonus issue of up to 810,000,000 new ordinary shares of USD0.10 each in the Company ( “Shares”) (“Bonus Shares”), on the basis of nine (9) Bonus Shares for every ten (10) existing Shares held by entitled shareholders of the Company on an entitlement date to be determined by the Board at a later date (“Proposed Bonus Issue”);
(ii) proposed increase in the authorised share capital of the Company from USD100,000,000 comprising 1,000,000,000 Shares to USD500,000,000 comprising 5,000,000,000 Shares (“Proposed IASC”); and
(iii) proposed amendment to Paragraph 5 of the Memorandum of Association of the Company (“Proposed Amendment”).
Please refer to the attachment for further details on the Proposals.
This announcement is dated 10 July 2015.