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Free Warrants 2017/ 2022 ("Warrant") issued pursuant to the bonus issue of warrants exercise
The Warrants are issued to the entitled shareholders of Daibochi Plastic and Packaging Industry Bhd ("Daibochi") pursuant to the bonus issue of 27,324,377 new Warrants on the basis of one (1) free Warrant for every ten (10) existing ordinary shares in Daibochi ("Daibochi Share(s)") held as at 5.00 p.m. on 14 June 2017 ("Bonus Issue of Warrants"). Each Warrant carries the entitlement to subscribe for one (1) new Daibochi Share at the exercise price of RM2.50 and at any time during the exercise period of five (5) years as indicated above ("Exercise Period") commencing from and including the issue date and ending at 5.00 p.m. on the expiry date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). The Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 29 May 2017, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.