NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YBVB" OR THE "COMPANY") RIGHTS ISSUE
YB VENTURES BERHAD |
Type | Announcement | ||||||||||||||||||
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
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Description | YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YBVB" OR THE "COMPANY") RIGHTS ISSUE |
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For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Circular to shareholders in relation to the Rights Issue dated 14 June 2021 as well as the abridged prospectus dated 11 August 2021 in relation to the Rights Issue.
We refer to the Company’s announcement dated 4 March 2021 and its subsequent announcements in relation to the Rights Issue.
On behalf of the Board, KAF IB wishes to announce that as at 5.00 p.m. on 27 August 2021, being the closing date of the acceptance, excess application and payment for the Rights Issue, the Company had received valid acceptances and excess applications for a total of 1,771,861,094 Rights ICULS, representing a subscription rate of 146.55% over the total number of Rights ICULS available for subscription under the Rights Issue, resulting in an over-subscription rate of 46.55%.
The details of such valid acceptances and excess applications received are as follows:-
The Board has allotted the Excess Rights ICULS on a fair and equitable basis in the following priority:-
(i) firstly, to minimise the incidence of odd lots;
(ii) secondly, for allocation to Entitled Shareholders who have applied for Excess Rights ICULS, on a pro-rata basis and in board lots, calculated based on their respective shareholdings in YBVB as at the Entitlement Date;
(iii) thirdly, for allocation to Entitled Shareholders who have applied for Excess Rights ICULS, on a pro-rata basis and in board lots, calculated based on the quantum of Excess Rights ICULS applied for; and
(iv) finally, for allocation to transferee(s) and/or renouncee(s) who have applied for Excess Rights ICULS, on a pro-rata basis and in board lots, based on the quantum of Excess Rights ICULS applied for.
The ICULS are expected to be listed on the Main Market of Bursa Securities on 10 September 2021.
This announcement is dated 6 September 2021.
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Announcement Info
Company Name | YB VENTURES BERHAD |
Stock Name | YB |
Date Announced | 06 Sep 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-05092021-00012 |