XINHWA-WA

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

XIN HWA HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
ISSUANCE OF 110,699,996 FREE WARRANTS IN XIN HWA HOLDINGS BERHAD ("XHH") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 ORDINARY SHARES IN XHH ("XHH SHARES") HELD AT 5.00 P.M. ON WEDNESDAY, 13 JANUARY 2021 ("FREE WARRANTS ISSUE")
Listing Date 25 Jan 2021
Issue Date 15 Jan 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 110,699,996
Maturity Mandatory
Maturity Date 12 Jan 2024
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 3.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.3300
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks : 
Each Warrant carries the entitlement to subscribe for 1 new ordinary share in XHH at the exercise price of RM0.33 at any time during the exercise period as indicated above ("Exercise Period"), subject to any adjustments to be made in accordance with the provisions of the deed poll dated 29 December 2020 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 25 January 2021.

Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA-WA
Date Announced 25 Jan 2021
Category Listing Information and Profile
Reference Number LIP-25012021-00001


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