Others
| HO WAH GENTING BERHAD |
|
EX-date | 22/08/2011 |
| Entitlement date | 24/08/2011 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Others |
| Entitlement description | Adjustments to both the exercise price and number of Warrants 2010/2015 in respect of the outstanding 137,888,954 Warrants 2010/2015 as specified in the deed poll dated 2 March 2010 of Ho Wah Genting Berhad ("HWGB" or the "Company") as a result of the renounceable rights issue of up to 152,094,853 new ordinary shares of RM0.20 each in HWGB (“Rights Shares”) together with up to 76,047,426 free new warrants (“New Warrants”) on the basis of one (1) Rights Share for every four (4) ordinary shares of RM0.20 each in HWGB held together with one (1) free New Warrant for every two (2) Rights Shares subscribed at 5.00 p.m. on 24 August 2011 payable in full upon acceptance (“Rights Issue”). |
| 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 no | Symphony Share Registrars Sdn Bhd (Company No. 378993-D) Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Helpdesk Tel: (603) 7849 0777 Fax: (603) 7841 8151/ 8152 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 24/08/2011 |
| 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) | 4292263 |
| Entitlement indicator | Ratio |
| Ratio | 31 : 1000 |
| Rights Issues/Offer Price | |
| Remarks : |
| Pursuant to the Rights Issue, a warrant holder of HWGB will be entitled to an additional 31 Warrants 2010/2015, on an indicative basis, for every 1,000 existing Warrants 2010/2015 held by such warrant holder as at 5.00 p.m. on the Entitlement Date, as specified above. The exercise price of any unexercised Warrants 2010/2015 held by a warrant holder of HWGB as at 5.00 p.m. on the Entitlement Date shall remain at RM0.20. The relevant notice of adjustment in relation to the adjusted number of Warrants 2010/2015 ("Adjustments") shall be despatched to the warrant holders in due course. The holders of the Warrants 2010/2015 who exercise their rights to subscribe for the ordinary shares in HWGB by 5.00 p.m. on the Entitlement Date, will be entitled to the Rights Shares. The holders of the Warrants 2010/2015 who do not exercise their rights to subscribe for the ordinary shares in HWGB by 5.00 p.m. on the Entitlement Date and whose names appear in the Record of Depositors for Warrants of the Company by 5.00 p.m. on the Entitlement Date shall be entitled to the Adjustments. The Adjustments will only be finalised on the Entitlement Date and will be effective on the following market day. A notification to the warrant holders setting out the Adjustments (including the basis of entitlement for the additional number of new Warrants 2010/2015 to be issued) will be despatched by the Company within twenty one (21) market days after its finalisation. The Abridged Prospectus together with the Rights Subscription Form and the Notice of Provisional Allotment (collectively referred to as the "Documents") in relation to the Rights Issue, is expected to be despatched on 26 August 2011 to the entitled ordinary shareholders whose names appear in the Record of Depositors of HWGB on 24 August 2011. These Documents will not be despatched to entitled ordinary shareholders who have not provided an address in Malaysia. Any shareholder who is without a registered address in Malaysia and wishes to provide a Malaysian address should inform their respective stockbrokers to effect the change of address prior to 24 August 2011. This announcement is dated 8 August 2011. |
Announcement Info
| Company Name | HO WAH GENTING BERHAD |
| Stock Name | HWGB-WB |
| Date Announced | 8 Aug 2011 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | OI-110808-50532 |