On behalf of the Board of Directors of TCB, AmInvestment Bank Berhad and CIMB Investment Bank Berhad wish to announce that TCB is proposing to undertake the proposed capitalisation of the advances amounting to RM180.00 million owing to Tan Sri Dato’ Tan Chee Sing (“TSDT”), its Group Executive Vice Chairman, via the issuance of 137,677,833 new ordinary shares in TCB at an issue price of RM1.3074 per Share to a company wholly owned by TSDT, namely T Shares 1 Sdn Bhd (“Proposed Capitalisation”).
Further details of the Proposed Capitalisation are set out in the attachment.
This announcement is dated 28 April 2023.