HONGSENG-WA

1.850

-0.03 (-1.6%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-27092019-00001

HONG SENG CONSOLIDATED BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
HONG SENG CONSOLIDATED BERHAD (FORMERLY KNOWN AS MSCM HOLDINGS BERHAD) ("HONG SENG" OR "COMPANY")

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS IN HONG SENG AS CONSTITUTED BY THE DEED POLL DATED 13 AUGUST 2019 ("DEED POLL A") ("WARRANTS A") PURSUANT TO THE SHARE SPLIT INVOLVING A SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN HONG SENG ("HONG SENG SHARE") HELD AS AT 5.00 P.M. ON 15 JUNE 2021 ("ENTITLEMENT DATE") INTO 2 HONG SENG SHARES ("SHARE SPLIT")

1st Further Issue Information

Listing Date 16 Jun 2021
Issue Date 15 Jun 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 66,336,782

Initial Listing Information

Listing Date 02 Oct 2019
Issue Date 23 Sep 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 159,291,411
Maturity Mandatory
Maturity Date 22 Sep 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 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.2500
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1300
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 :
Pursuant to the adjustments to the exercise price and number of outstanding Warrants A arising from the Share Split ("Adjustments"),

(i)	the existing number of 33,168,391 Warrants A as at the Entitlement Date will be adjusted into 66,336,782 Warrants A, which will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 16 June 2021, being the next market day following the Entitlement Date; and

(ii)	the exercise price of Warrants A of RM0.25 each will be revised to RM0.13 each.

Further, in accordance with the provisions of the Deed Poll A, the Adjustments will take effect from 16 June 2021, being the next market day following the Entitlement Date.

The notice setting out the details of the Adjustments to the holders of Warrants A will be issued and despatched to entitled Warrant A holders in due course.

This announcement is dated 15 June 2021.


Announcement Info

Company Name HONG SENG CONSOLIDATED BERHAD
Stock Name HONGSENG-WA
Date Announced 15 Jun 2021
Category Listing Information and Profile
Reference Number LIP-15062021-00015