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FINTEC-PA

0.020

(%)

Listing Information & Profile

Profile for Securities of PLC

ASIA BIOENERGY TECHNOLOGIES BERHAD

Instrument Category Securities of PLC
Instrument Type Preference Shares
Description
ISSUANCE OF 899,284,472 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN FINTEC GLOBAL BERHAD (FORMERLY KNOWN AS ASIA BIOENERGY TECHNOLOGIES BERHAD) ("FINTEC") ("ICPS") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,163,208,800 ICPS AT AN ISSUE PRICE OF RM0.08 PER ICPS TOGETHER WITH UP TO 116,320,880 FREE DETACHABLE WARRANTS IN FINTEC ("WARRANTS B") ON THE BASIS OF 10 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 5 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS OF FINTEC AT 5.00 P.M. ON 2 NOVEMBER 2017
Listing Date 11 Dec 2017
Issue Date 05 Dec 2017
Issue/ Ask Price Malaysian Ringgit (MYR)   0.0800
Issue Size Indicator Unit
Issue Size in Unit 899,284,472
Maturity Mandatory
Maturity Date 04 Dec 2027
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 10.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1600
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 2:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The ICPS may be converted into new fully-paid Shares at the Conversion Price in the following manner:-
(i)	by surrendering 2 ICPS (which are issued at an issue price of RM0.08 each) without additional cash payment to arrive at the Conversion Price of RM0.16 for 1 new Share; or
(ii)	by surrendering 1 ICPS (which is issued at an issue price of RM0.08 each) with additional cash payment of RM0.08 to arrive at the Conversion Price of RM0.16 for 1 new Share.

Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new Fintec Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date. Any ICPS that are not converted would be mandatorily converted into new Fintec Shares on the maturity date.

If the conversion results in a fractional entitlement to Fintec Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 8 December 2017.


Announcement Info

Company Name ASIA BIOENERGY TECHNOLOGIES BERHAD
Stock Name ASIABIO-PA
Date Announced 08 Dec 2017
Category Listing Information and Profile
Reference Number LIP-08122017-00002