HONGSENG-WB

0.060

+0.005 (+9.1%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-10102021-00001

HONG SENG CONSOLIDATED BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
HONG SENG CONSOLIDATED 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 17 SEPTEMBER 2021 ("DEED POLL B") ("WARRANTS B") PURSUANT TO THE BONUS ISSUE OF 2,554,208,384 NEW ORDINARY SHARES IN HONG SENG ("HONG SENG SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING HONG SENG SHARE HELD AS AT 5.00 P.M. ON 27 JUNE 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE")

1st Further Issue Information

Listing Date 28 Jun 2022
Issue Date 27 Jun 2022
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 850,558,283
Enlarge Issue Size in Unit 1,701,116,566

Initial Listing Information

Listing Date 12 Oct 2021
Issue Date 04 Oct 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 850,811,863
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
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 Malaysian Ringgit (MYR)   1.3000
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 B arising from the Bonus Issue ("Adjustments"),

(i)	the existing number of 850,558,283 Warrants B as at the Entitlement Date will be adjusted into 1,701,116,566 Warrants B, whereby the additional 850,558,283 Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 28 June 2022, being the next market day following the Entitlement Date; and

(ii)	the exercise price of Warrants B of RM2.60 each will be revised to RM1.30 each.

Further, in accordance with the provisions of the Deed Poll B, the Adjustments will take effect from 28 June 2022, being the next market day following the Entitlement Date.

The notice setting out the details of the Adjustments to the holders of Warrants B will be despatched in due course.

This announcement is dated 27 June 2022.


Announcement Info

Company Name HONG SENG CONSOLIDATED BERHAD
Stock Name HONGSENG-WB
Date Announced 27 Jun 2022
Category Listing Information and Profile
Reference Number LIP-22062022-00011