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Amended Announcements Please refer to the earlier announcement reference number: LIP-16062016-00003
Adjustment to the number of outstanding warrants 2012/2017 of Hiap Teck Venture Berhad ("HTVB") ("Warrants 2012/2017") ("Adjustment") pursuant to the: (I) Renounceable rights issue of RM142,581,656.50 nominal value of five (5)- year 5% redeemable convertible unsecured islamic debt securities ("RCUIDS") at 100% of its nominal value on the basis of two (2) RM0.50 nominal value of RCUIDS for every five (5) existing ordinary shares of RM0.50 each in HTVB ("HTVB Shares") held as at 5.00p.m. on 27 May 2016 together with 285,163,313 free detachable warrants ("New Warrants") on the basis of one (1) New Warrant for every one (1) RM0.50 nominal value of RCUIDS subscribed ("Rights Issue"); and (II) Bonus issue of 570,326,626 new HTVB Shares ("Bonus Shares") to be credited as fully paid-up on the basis of two (2) Bonus Shares for every one (1) RM0.50 nominal value of RCUIDS subscribed pursuant to the Rights Issue ("Bonus Issue")
Pursuant to the Adjustment, 70,826,936 additional Warrants 2012/2017 will be issued. The enlarged issue size of 159,363,436 is computed based on the original issue size of the Warrants 2012/2017 of 88,536,500 and the 70,826,936 additional Warrants 2012/2017 to be issued pursuant to the Adjustment. The total outstanding Warrants 2012/2017 stood at 88,533,692 as at the date of this Announcement. After the Adjustment, the enlarged number of Warrants 2012/2017 will be 159,360,628. The additional Warrants 2012/2017 are expected to be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 28 June 2016. This announcement is dated 20 June 2016.