KINSTEL

Offer for Sale

KINSTEEL BHD

EX-date

16/07/2008
Entitlement date18/07/2008
Entitlement time05:00:00 PM
Entitlement subjectOffer for Sale
Entitlement descriptionRESTRICTED OFFERING OF 101,476,000 ORDINARY SHARES OF RM1.00 EACH IN PERWAJA HOLDINGS BERHAD ("PHB") ("PHB SHARES") BY WAY OF A RENOUNCEABLE RESTRICTED OFFER TO THE ENTITLED SHAREHOLDERS OF KINSTEEL BHD ("KINSTEEL") IN DIRECT PROPORTION TO THEIR SHAREHOLDINGS IN KINSTEEL AS AT 18 JULY 2008, AT AN ISSUE/OFFER PRICE OF RM2.23 PER PHB SHARE PAYABLE IN FULL UPON APPLICATION, IN CONJUNCTION WITH THE LISTING OF PHB ON THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD ("RESTRICTED OFFERING")
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noPHB's Share Registrar:

Mega Corporate Services Sdn Bhd
Level 15-2 Faber Imperial Court
Jalan Sultan Ismail
50250 Kuala Lumpur
03 2692 4271

Share Registrar in respect of the Restricted Offering:

Tenaga Koperat Sdn Bhd
20th Floor
Plaza Permata
Jalan Kampar
Off Jalan Tun Razak
50400 Kuala Lumpur
03 4047 3883
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers18/07/2008 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c.Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 1 : 4
Rights Issues/Offer Price 2.23

Remarks :
Kindly be advised that the abovementioned ratio for the Restricted Offering of one (1) PHB Share for every four (4) existing ordinary shares of RM0.20 held in Kinsteel as at 5.00 p.m. on 18 July 2008 ("Entitlement Date") is on an INDICATIVE basis and is strictly for illustration purposes.

The ACTUAL entitlement will be determined based on the issued and paid up share capital of Kinsteel and the shareholdings of the entitled shareholders as at the Entitlement Date as represented by the formula below:

No. of PHB Shares entitled under the Restricted Offering
= (No. of shares held in Kinsteel as at the Entitlement Date/(Issued and paid up share capital of Kinsteel less the number of shares held by the Promoters (and their related parties) as at the Entitlement Date)) x 101,476,000.

Further details on the Restricted Offering will be set out in the Prospectus in relation to the inital public offering which will be despatched to the shareholders of Kinsteel in due course.

This announcement is dated 27 June 2008.


Announcement Info

Company NameKINSTEEL BHD  
Stock Name KINSTEL    
Date Announced27 Jun 2008  
CategoryEntitlements (Notice of Book Closure)
Reference NoMI-080624-76654


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