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ASIABRN

Rights Issue

ASIA BRANDS BERHAD

EX-date 10 Dec 2018
Entitlement date 12 Dec 2018
Entitlement time 05:00 PM
Entitlement subject Rights Issue
Entitlement description RENOUNCEABLE RIGHTS ISSUE OF UP TO 116,323,800 NEW ORDINARY SHARES OF ASIA BRANDS BERHAD ("ABB") ("ABB SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.35 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ABB SHARE HELD BY THE ENTITLED SHAREHOLDERS OF ABB AS AT 5.00 P.M. ON 12 DECEMBER 2018 WITH A MINIMUM SUBSCRIPTION LEVEL OF 86,130,321 RIGHTS SHARES
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 entitlement
Registrar or Service Provider name, address, telephone no SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Tel:0320849000 Fax:0320949940
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 24 Dec 2018
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) 116,323,800
Entitlement indicator Ratio
Ratio 1 : 1
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.350
Par Value (if applicable)


Remarks :
The abridged prospectus, together with the notice of provisional alloment and rights subscription form relating to the Rights Issue (collectively referred to as the Documents) will only be despatched to the shareholders of ABB whose names appear in ABB's Record of Depositors at 5.00 p.m. on 12 December 2018 ("Entitlement Date") ("Entitled Shareholders") who have registered address in Malaysia. Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Securities Services (Holdings) Sdn. Bhd. to effect the change of address by the Entitlement Date or may collect the Documents from the Share Registrar, Securities Services (Holdings) Sdn Bhd at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights 50490 Kuala Lumpur in which event the Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid Documents. 

The Documents are not intended to be (and will not be) issued, circulated or distributed in any countries or jurisdictions other than Malaysia. No action has or will be taken to ensure that the Rights Issue and the Documents comply with the laws of any countries or jurisdictions other than the laws of Malaysia. Accordingly, the Documents will not be despatched to Entitled Shareholders with a registered address outside Malaysia.


The Documents will be despatched to the Entitled Shareholders no later than two (2) market days after the Entitlement Date. This announcement is dated 28 November 2018.


Announcement Info

Company Name ASIA BRANDS BERHAD
Stock Name ASIABRN
Date Announced 28 Nov 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-27112018-00002