Profile for Warrants
| HAP SENG CONSOLIDATED BERHAD |
|
Instrument Type | Warrants |
| Description | Free detachable warrants (“Warrants”) issued pursuant to the renounceable rights issue of 364,392,900 new ordinary shares of RM1.00 each in Hap Seng Consolidated Berhad (“HSCB Shares”) (“Rights Shares”) together with 364,392,900 Warrants on the basis of one (1) Rights Share together with one (1) Warrant for every five (5) HSCB Shares held after the bonus issue of 1,214,643,000 new HSCB Shares (“Bonus Shares”) on the basis of two (2) Bonus Shares for every one (1) existing HSCB Share held as at 5.00 p.m. on 19 July 2011, at an issue price of RM1.05 per Rights Share (“Rights Issue with Warrants”) |
| Listing Date | 15/08/2011 |
| Issue Date | 09/08/2011 |
| Issue/ Ask Price |  |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 364,392,900 |
| Maturity Date | 09/08/2016 | ||
| Revised Maturity Date | |||
| Exercise/ Conversion Period |
| ||
| Revised Exercise/ Conversion Period | |||
| Exercise/Strike/Conversion Price | MYR 1.6500 | ||
| Revised Exercise/Strike/Conversion Price | | ||
| Exercise/ Conversion Ratio | 1 Warrant : 1 HSCB Share | ||
| Revised Exercise/ Conversion Ratio | |||
| Mode of satisfaction of Exercise/ Conversion price | Cash | ||
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The Warrants are issued free pursuant to the Rights Issue on the basis of one (1) Warrant for every one (1) Rights Share subscribed. Each Warrant entitles the holder to subscribe for one (1) new HSCB Share at the exercise price of RM1.65 at any time during the exercise period, subject to adjustments in accordance with the provisions of the deed poll constituting the Warrants. Warrants not exercised during the exercise period will thereafter lapse and cease to be valid. |
Announcement Info
| Company Name | HAP SENG CONSOLIDATED BERHAD |
| Stock Name | HAPSENG-WA |
| Date Announced | 11 Aug 2011 |
| Category | Listing Information & Profile |
| Reference No | MM-110809-53766 |