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HELP
(%)
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING HELP INTERNATIONAL CORPORATION BERHAD (“HIC” OR “COMPANY”) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF RM71,020,800 NOMINAL VALUE OF 5-YEAR 4% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“ICULS”) AT 100% OF ITS NOMINAL VALUE ON THE BASIS OF ONE (1) RM0.50 NOMINAL VALUE OF ICULS FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH IN HIC (“HIC SHARE(S)”) HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE”)
HELP INTERNATIONAL CORPORATION BERHAD
Type
Announcement
Subject
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
HELP INTERNATIONAL CORPORATION BERHAD (“HIC” OR “COMPANY”)
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF RM71,020,800 NOMINAL VALUE OF 5-YEAR 4% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“ICULS”) AT 100% OF ITS NOMINAL VALUE ON THE BASIS OF ONE (1) RM0.50 NOMINAL VALUE OF ICULS FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH IN HIC (“HIC SHARE(S)”) HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE”)
Reference is made to the Company’s announcements dated 8 July 2013, 14 August 2013, 2 September 2013 and 30 September 2013 in relation to the Proposed Rights Issue (“
Announcements
”). Unless otherwise defined, all abbreviations used are the same as those previously defined in the Announcements.
On behalf of the Board of Directors of HIC (“
Board
”), AmInvestment Bank Berhad (“
AmInvestment Bank
”)
wishes to announce that the Board, after considering the following:-
(i) receipt of take-over offer (“
Offer
”) by Better Education Enterprise Sdn Bhd (“
Offeror
”) on 5 December 2013; and
(ii) irrevocable undertakings to accept the Offer furnished to the Offeror by HIC’s shareholders collectively holding more than 50% equity interest in HIC
the Board resolves that the Company should not proceed with the Proposed Rights Issue.
This announcement is dated 6 December 2013.
Announcement Info
Company Name
HELP INTERNATIONAL CORPORATION BERHAD
Stock Name
HELP
Date Announced
6 Dec 2013
Category
General Announcement
Reference No
MB-131206-56870
View original announcement