Circulars to Stakeholders

No Announcement Date Title
1 06 May 2011 CIRCULAR TO SHAREHOLDERS IN RELATION TO PART A PROPOSED ACQUISITION OF THE USE OF THE INTELLECTUAL PROPERTY RIGHTS OF THE “SEACRANE” OFFSHORE PEDESTAL CRANE PRODUCT LINE (WHICH INCLUDES THE “SEACRANE” TRADEMARK) IN ASIA, AFRICA, EUROPE AND OTHER COUNTRIES (APART FROM THOSE LOCATED IN NORTH AMERICA AND SOUTH AMERICA) BY HANDAL OFFSHORE SERVICES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF HANDAL RESOURCES BERHAD, FOR A CASH CONSIDERATION OF UNITED STATES DOLLAR THREE MILLION SEVEN HUNDRED AND FIFTY THOUSAND (USD3,750,000) (“PROPOSED ACQUISITION”) PART B INDEPENDENT ADVICE LETTER FROM THE INDEPENDENT ADVISER, SIERAC CORPORATE ADVISERS SDN BHD, TO THE NON-INTERESTED SHAREHOLDERS OF HANDAL RESOURCES BERHAD IN RELATION TO THE PROPOSED ACQUISITION
2 06 May 2011 PROPOSED RENEWAL OF SHAREHOLDERSÂ’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
3 31 Jan 2011 CIRCULAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 60,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN HANDAL (“RIGHTS SHARE(S)”) TOGETHER WITH 60,000,000 NEW FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF TWO (2) RIGHTS SHARES AND TWO (2) FREE WARRANTS FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.50 EACH IN HANDAL (“HANDAL SHARE(S)”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE”); (II) PROPOSED BONUS ISSUE OF 10,000,000 HANDAL SHARES (“BONUS SHARE(S)”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY SIX (6) RIGHTS SHARES SUBSCRIBED (“PROPOSED BONUS ISSUE”); (III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM50,000,000 COMPRISING 100,000,000 HANDAL SHARES TO RM250,000,000 COMPRISING 500,000,000 HANDAL SHARES (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”); AND (IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY (“PROPOSED AMENDMENTS”)
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