HARNLEN-WB

0.190

(%)

Listing Information & Profile

Profile for Securities of PLC

HARN LEN CORPORATION BHD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
HARN LEN CORPORATION BHD ("HLCB" OR THE "COMPANY")

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2026 OF HLCB ("WARRANTS 2019/2026") CONSTITUTED BY THE DEED POLL DATED 26 AUGUST 2019 PURSUANT TO THE BONUS ISSUE OF 340,210,888 NEW ORDINARY SHARES IN HLCB ("HLCB SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 8 BONUS SHARES FOR EVERY 5 EXISTING HLCB SHARES HELD AS AT 5.00 P.M. ON 9 JANUARY 2023 ("BONUS ISSUE OF SHARES") ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 10 Jan 2023
Issue Date 09 Jan 2023
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 55,064,378
Enlarge Issue Size in Unit 89,479,633

Initial Listing Information

Listing Date 10 Jan 2023
Issue Date 09 Jan 2023
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 51,965,924
Maturity Mandatory
Maturity Date 19 Sep 2026
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 7.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.6000
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.2300
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, 55,064,378 Additional Warrants 2019/2026 will be listed and quoted on Main Market of Bursa Securities with effect from 9.00 a.m. on 10 January 2023 and the exercise price of the Warrants 2019/2026 will be adjusted from RM0.60 to RM0.23 each.
	
The notice to the Warrants Holders (setting out the details of the Adjustments) will be despatched in due course.

This announcement is dated 9 January 2023.


Announcement Info

Company Name HARN LEN CORPORATION BHD
Stock Name HARNLEN-WB
Date Announced 09 Jan 2023
Category Listing Information and Profile
Reference Number LIP-09012023-00001