In a filing with Bursa Malaysia yesterday, Hai-O said it is proposing a share exchange of up to 300.30 million ordinary shares (or its entire issued share capital) on the basis of one Beshom share for every one existing Hai-O share. is proposing an internal reorganisation exercise that will see Beshom Holdings Bhd assuming its listing status and becoming the investment holding vehicle for Hai-O.
In a filing with Bursa Malaysia yesterday, Hai-O said it is proposing a share exchange of up to 300.30 million ordinary shares (or its entire issued share capital) on the basis of one Beshom share for every one existing Hai-O share.
KUALA LUMPUR: Beshom Holdings Bhd (Beshom) will take over the listing status of Hai-O Enterprise Bhd under a corporate exercise where Beshom will focus on multi-level marketing, manufacturing, property while Hai-O will concentrate on wholesale and retail business.
In a statement to Bursa Malaysia on Tuesday, Hai-O said the corporate exercise will also involve a proposed share exchange of up to 300.29 million shares in Hai-O with new Beshom shares on a one-for-one basis.
Upon completion of the proposed share exchange, Beshom – which was incorporated for the corporate exerecise – will become the new holding company of Hai-O Enterprise and its subsidiaries.