WASCO

Rights Issue

WAH SEONG CORPORATION BERHAD

EX-date

22/02/2008
Entitlement date26/02/2008
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO 91,052,448 NEW ORDINARY SHARES OF RM0.50 EACH IN WAH SEONG CORPORATION BERHAD (“WSC”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM2.23 PER RIGHTS SHARE, PAYABLE IN FULL UPON ACCEPTANCE, TOGETHER WITH UP TO 136,578,672 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF:

(I) TWO (2) RIGHTS SHARES AND THREE (3) WARRANTS FOR EVERY TWELVE (12) EXISTING ORDINARY SHARES OF RM0.50 EACH IN WSC (“WSC SHARES”) HELD; AND

(II) TWO (2) RIGHTS SHARES AND THREE (3) WARRANTS FOR EVERY SIX (6) EXISTING 3% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2002/2012 AT NOMINAL VALUE OF RM1.00 EACH OF WSC (“ICULS”) HELD

AT 5.00 P.M. ON 26 FEBRUARY 2008 (“RIGHTS ISSUE WITH WARRANTS”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be 26/02/2008 to 26/02/2008 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noAgriteum Share Registration Services Sdn Bhd
2nd Floor, Wisma Penang Garden
42 Jalan Sultan Ahmad Shah
10050 Penang
Tel: 04-228 2321
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers26/02/2008 
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)91052448 
Entitlement indicatorRatio
Ratio 2 : 12
Rights Issues/Offer Price 2.23

Remarks :
The renounceable rights issue of up to 91,052,448 Rights Shares together with up to 136,578,672 Warrants will be provisionally allotted to the holders of WSC Shares and ICULS whose names appear on the Record of Depositors of WSC at 5.00 p.m. on 26 February 2008 based on the following ratios:

(i) two (2) Rights Shares and three (3) Warrants for every twelve (12) existing WSC Shares held; and

(ii) two (2) Rights Shares and three (3) Warrants for every six (6) existing ICULS held.

The issue price of the Rights Shares is RM2.23 each and the exercise price of the Warrants is RM3.17 each.


This announcement is dated 12 February 2008.


Announcement Info

Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG    
Date Announced12 Feb 2008  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-080211-60003


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