HONGSENG-WB

0.060

+0.01 (+20%)

Listing Information & Profile

Profile for Securities of PLC

HONG SENG CONSOLIDATED BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
HONG SENG CONSOLIDATED BERHAD ("HONG SENG" OR THE "COMPANY")

BONUS ISSUE OF 850,811,683 FREE WARRANTS ("WARRANTS B") ON THE BASIS OF 1 WARRANT B FOR EVERY 3 EXISTING ORDINARY SHARES IN HONG SENG ("HONG SENG SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF HONG SENG AT 5.00 P.M. ON 1 OCTOBER 2021 ("BONUS ISSUE OF WARRANTS")
Listing Date 12 Oct 2021
Issue Date 04 Oct 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 850,811,683
Maturity Mandatory
Maturity Date 03 Oct 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)   2.6000
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 B carries the entitlement to subscribe for 1 new Hong Seng Share at the exercise price (as indicated above) and at any time during the exercise period (as indicated above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 17 September 2021 constituting the Warrants B. Any Warrants B not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 11 October 2021.


Announcement Info

Company Name HONG SENG CONSOLIDATED BERHAD
Stock Name HONGSENG-WB
Date Announced 11 Oct 2021
Category Listing Information and Profile
Reference Number LIP-10102021-00001