SRIDGE: CIRCULAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED PRIVATE PLACEMENT OF UP TO 66,780,300 NEW ORDINARY SHARES IN SILVER RIDGE HOLDINGS BHD (SRHB) REPRESENTING UP TO 30% OF THE TOTAL ISSUED SHARES (EXCLUDING TREASURY SHARES, IF ANY); (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF SRHB AND ITS SUBSIDIARIES (SRHB GROUP OR THE GROUP) TO INCLUDE CONSTRUCTION AND CONSTRUCTION RELATED BUSINESS INCLUDING TRADING AND SUPPLY OF EQUIPMENT AND BUILDING MATERIALS; AND (III) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME OF UP TO 30% OF THE TOTAL ISSUED SHARES (EXCLUDING TREASURY SHARES, IF ANY) FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SRHB GROUP (EXCLUDING DORMANT SUBSIDIARIES, IF ANY).
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