SUCCESS

Offer for Sale

SUCCESS TRANSFORMER CORPORATION BERHAD

EX-date

12/04/2010
Entitlement date14/04/2010
Entitlement time05:00:00 PM
Entitlement subjectOffer for Sale
Entitlement descriptionRenounceable restricted offering of 8,000,000 ordinary shares of RM0.50 each in Seremban Engineering Berhad (“SEB”) (“SEB Share(s)”) by way of a renounceable restricted offer to the entitled shareholders of Success Transformer Corporation Berhad (“STC”) on the basis of 1 SEB Share for every 15 existing ordinary shares of RM0.50 each in STC (“STC Share(s)”) at 5.00 p.m. on 14 April 2010, at an offer price of RM0.85 per SEB Share payable in full upon application, in conjunction with the listing of SEB on the Main Market of Bursa Malaysia Securities Berhad (“Restricted Offer”)
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 entitlements
Registrar's name ,address, telephone noSymphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel No. : 03 – 7841 8000
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers14/04/2010 
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 indicatorRatio
Ratio 1 : 15
Rights Issues/Offer Price 0.85

Remarks :
Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Circular to shareholders dated 15 March 2010 (“Circular”).

The ratio set out above relates to the entitlement to the SEB Shares, i.e. 1 SEB Share for every 15 STC Shares held as at 5.00 p.m. on 14 April 2010.

The Prospectus together with the accompanying documents in relation to the initial public offering has not been and will not be made to comply with the laws of any country or jurisdiction other than Malaysia, and has not been and will not be lodged, registered or approved pursuant to or under any applicable securities or equivalent legislation with or by any regulatory authority or other relevant body of any country or jurisdiction other than Malaysia. Hence, the Restricted Offer will not be offered or deemed to be offered for subscription in any country or jurisdiction other than Malaysia.

Further details on the Restricted Offer will be set out in the Prospectus in relation to the initial public offering, which will be despatched to the shareholders of STC in due course.


Announcement Info

Company NameSUCCESS TRANSFORMER CORPORATION BERHAD  
Stock Name SUCCESS    
Date Announced31 Mar 2010  
CategoryEntitlements (Notice of Book Closure)
Reference NoMI-100331-63656


View original