NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HENGYUAN REFINING COMPANY BERHAD ("HRC" OR THE "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN HRC TOGETHER WITH FREE DETACHABLE WARRANTS
| HENGYUAN REFINING COMPANY BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | HENGYUAN REFINING COMPANY BERHAD ("HRC" OR THE "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN HRC TOGETHER WITH FREE DETACHABLE WARRANTS |
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On behalf of the Board of Directors of the Company, AmInvestment Bank Berhad wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 300.0 million new ordinary shares in the Company (“HRC Share(s)”) (“Rights Shares”) together with up to 150.0 million free detachable warrants (“Warrants”) on the basis of one (1) Rights Share for every one (1) existing HRC Share held and one (1) Warrant for every two (2) Rights Shares subscribed for at an issue price and on an entitlement date to be determined and announced at a later date (“Proposed Rights Issue with Warrants”).
Further details of the Proposed Rights Issue with Warrants are set out in the attachment below.
This Announcement is dated 14 July 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | HENGYUAN REFINING COMPANY BERHAD |
| Stock Name | HENGYUAN |
| Date Announced | 14 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14072025-00042 |