Profile for Warrants
| JIANKUN INTERNATIONAL BERHAD |
|
Instrument Type | Warrants |
| Description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 101,790,000 NEW ORDINARY SHARES OF RM0.25 EACH IN JIANKUN INTERNATIONAL BERHAD (“JIB”) (“RIGHTS SHARES”) TOGETHER WITH UP TO 76,342,500 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.25 EACH HELD IN JIB TOGETHER WITH THREE (3) WARRANTS FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED AT 5.00 P.M. ON 2 DECEMBER 2014 AT AN ISSUE PRICE OF RM0.25 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE (“RIGHTS ISSUE WITH WARRANTS”) |
| Listing Date | 31/12/2014 |
| Issue Date | 24/12/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 75,586,889 |
| Maturity Date | 23/12/2021 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 7.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.3200 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1:1 |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The Warrants may be exercised at any time during the tenure of the Warrants of seven (7) years including and commencing from the issue date and ending at 5.00 p.m. on the Expiry Date (being a date being seven (7) years from and including the date of issue of the Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day). Each Warrant carries the entitlement to subscribe for one (1) new ordinary share of RM0.25 each in JIB at the Exercise Price which shall be satisfied fully in cash and shall be subject to adjustments in accordance with the deed poll governing the Warrants ("Deed Poll"). Subject to the provision in the Deed Poll, the Exercise Price and the number of Warrants held by each Warrant holder shall be adjusted by the Board of Directors of JIB in consultation with an approved adviser appointed by the Company for the purposes of the Deed Poll, in the event of alteration to the share capital of the Company. |
Announcement Info
| Company Name | JIANKUN INTERNATIONAL BERHAD |
| Stock Name | JIANKUN-WA |
| Date Announced | 30 Dec 2014 |
| Category | Listing Information & Profile |
| Reference No | OS-141229-40463 |