HIAPTEK
Rights Issue
| HIAP TECK VENTURE BERHAD |
| EX-date | 25 May 2016 |
| Entitlement date | 27 May 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | (I) Renounceable rights issue of up to RM213,284,300.00 nominal value of five (5)-year 5% redeemable convertible unsecured Islamic debt securities ("RCUIDS") at 100% of its nominal value on the basis of two (2) RM0.50 nominal value of RCUIDS for every five (5) existing ordinary shares of RM0.50 each in Hiap Teck Venture Berhad ("HTVB") ("HTVB Shares") held as at 5.00 p.m. on 27 May 2016 ("Entitlement Date") together with up to 426,568,600 free detachable warrants ("New Warrants") on the basis of one (1) New Warrant for every one (1) RM0.50 nominal value of RCUIDS subscribed ("Rights Issue"); and (II) Bonus issue of up to 853,137,200 new HTVB Shares ("Bonus Shares") to be credited as fully paid-up on the basis of two (2) Bonus Shares for every one (1) RM0.50 nominal value of RCUIDS subscribed pursuant to the Rights Issue ("Bonus Issue") (Collectively referred to as "Corporate Exercises") |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | Symphony Share Registrars Sdn Bhd Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Tel no.: +603-7849 0777 Fax no.: +603-7841 8151/8152 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 27 May 2016 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new shares/securities issued (units) (If applicable) | |
| Entitlement indicator | Ratio |
| Ratio | 2 : 5 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.500 |
| Par Value | Malaysian Ringgit (MYR) 0.500 |
| Remarks : |
The RCUIDS, New Warrants and Bonus Shares shall be provisionally allotted to the shareholders of HTVB whose names appear in its Record of Depositors on the Entitlement Date ("Entitled Shareholders"), subject to the terms and conditions as set out in the abridged prospectus, notice of provisional allotment and rights subscription form to be issued for the Corporate Exercises (collectively, the "Documents").
The Documents are not intended to be (and will not be) issued, circulated or distributed in any country or jurisdiction other than Malaysia and no action has been or will be taken to ensure that the Corporate Exercises comply with the laws related to public offerings of any country or jurisdiction where action for such purpose is required, other than the laws of Malaysia.
For avoidance of doubt, the New Warrants and Bonus Shares will only be issued to the Entitled Shareholders and/or their renouncee(s) who subscribe for the RCUIDS pursuant to the Rights Issue. Accordingly, the Entitled Shareholders who renounce their entitlements to the RCUIDS provisionally allotted to them under the Rights Issue will also renounce their entitlements to the New Warrants and Bonus Shares.
This Announcement is dated 13 May 2016. |
Announcement Info
| Company Name | HIAP TECK VENTURE BERHAD |
| Stock Name | HIAPTEK |
| Date Announced | 13 May 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-10052016-00008 |