OTHERS PINEHILL PACIFIC BERHAD ("PINEPAC" OR THE "COMPANY") (I) SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF PINEPAC PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("SCR"); AND (II) VARIATION TO THE UTILISATION OF PROCEEDS FROM THE DISPOSAL OF THE PERAK PLANTATION TO FUND THE SCR ("VARIATION")
| PINEHILL PACIFIC BERHAD |
| Type | Announcement | ||||||||||||||||||
| Subject | OTHERS |
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| Description | PINEHILL PACIFIC BERHAD ("PINEPAC" OR THE "COMPANY")
(I) SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF PINEPAC PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("SCR"); AND
(II) VARIATION TO THE UTILISATION OF PROCEEDS FROM THE DISPOSAL OF THE PERAK PLANTATION TO FUND THE SCR ("VARIATION") |
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We refer to the announcements dated 31 July 2025, 4 August 2025, 8 August 2025, 28 August 2025, 29 September 2025, 22 October 2025, 26 November 2025 and 14 January 2026 in relation to the SCR and Variation. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the High Court has on 12 March 2026 granted the High Court Order.
Following the above, PinePac will lodge an office copy of the sealed High Court Order with the Registrar of Companies pursuant to subsection 116(6) of the Act (“Lodgement”) in due course. The SCR will become effective upon the Lodgement (“Effective Date”).
For the avoidance of doubt, the Effective Date shall be on the same day as the Entitlement Date, which will be announced in due course. Accordingly, the revised timetable for the SCR is as follows:-
This announcement is dated 12 March 2026. |
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Announcement Info
| Company Name | PINEHILL PACIFIC BERHAD |
| Stock Name | PINEPAC |
| Date Announced | 12 Mar 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12032026-00027 |