continued - The Lion Group

29. PREFERENCE SHARES
Megasteel issued Preference “D” Shares, Preference “E” Shares and Preference “F” Shares, of which Preference
“D” Shares and Preference “F” Shares were issued to the immediate holding company, Limpahjaya Sdn Bhd.
During the previous financial year, Megasteel issued and alloted 100,000,000 5-year Redeemable Cumulative
Convertible Preference Shares of RM0.01 each (“Preference “G” Shares”) at a premium of RM0.99 each amounting
to RM100,000,000 to a related party.
90
Group
2010 2009
RM’000 RM’000
Authorised:
At 1 July
Preference “E” Shares of RM0.01 each 110 110
Preference “G” Shares of RM0.01 each 1,000 –
Created during the year:
Preference “G” Shares of RM0.01 each – 1,000
At 30 June 1,110 1,110
Issued and paid-up:
At 1 July
Preference “E” Shares of RM0.01 each 110 110
Preference “G” Shares of RM0.01 each 1,000 –
Created during the year:
Preference “G” Shares of RM0.01 each – 1,000
At 30 June 1,110 1,110
Share premium:
At 1 July
Preference “E” Shares of RM0.01 each 10,890 10,890
Preference “G” Shares of RM0.01 each 99,000 –
Created during the year:
Preference “G” Shares of RM0.01 each – 99,000
At 30 June 109,890 109,890
Total 111,000 111,000