MAHSING
Rights Issue
| MAH SING GROUP BERHAD |
|
EX-date | 22/05/2007 |
| Entitlement date | 24/05/2007 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO A MAXIMUM OF 52,789,000 NEW ORDINARY SHARES OF RM1.00 EACH IN MAH SING GROUP BERHAD ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM3.30 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) EXISTING ORDINARY SHARES OF RM1.00 EACH ("SHARES") HELD AT 5.00 P.M. ON 24 MAY 2007 (“RIGHTS ISSUE”) |
| 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 no | PFA Registration Services Sdn. Bhd. Level 13, Uptown 1, No.1, Jalan SS 21/58 Damansara Uptown 47400 Petaling Jaya Selangor Darul Ehsan Tel No. 603-7725 4888 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 24/05/2007 |
| 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) | 52789000 |
| Entitlement indicator | Ratio |
| Ratio | 1 : 4 |
| Rights Issues/Offer Price | 3.3 |
| Remarks : |
| For purposes of illustration only, the issue price of RM3.30 per Rights Share represents a discount of RM1.74 per Share or approximately 34.52% from the theoretical ex-rights price of Mah Sing Group Berhad ("Mah Sing" or "Company") Shares of RM5.04 calculated based on the 5-day weighted average market price of Mah Sing Shares as traded on Bursa Malaysia Securities Berhad from 30 April 2007 to 8 May 2007 (both dates inclusive) of RM5.48 per Share. Warrant holders of Mah Sing who exercise their rights to subscribe for the ordinary shares in Mah Sing by lodging their duly completed exercise forms for the warrants 2004/2009 (“Warrants”) together with the relevant subscription monies with the Company’s Share Registrar (at the address stated above) by 5.00 p.m. on 16 May 2007 in order for the new Shares arising from the exercise of Warrants to be allotted to the respective holders by 5.00 p.m. on 24 May 2007 (“Entitlement Date”), will be entitled to the Rights Shares. Warrant holders of Mah Sing who do not exercise their rights to subscribe for the ordinary shares in Mah Sing by 5.00 p.m. on 16 May 2007 and whose names appear in the Record of Depositors for Warrants of the Company by 5.00 p.m. on the Entitlement Date shall be entitled to adjustments to the exercise price and the number of Warrants (where applicable) in accordance with the provisions of the Deed Poll executed by the Company on 2 April 2004 constituting the Warrants. Any such adjustments will only be finalised on the Entitlement Date and will be effective on the following market day thereafter. A notification to the Warrant holders setting out such adjustments will be issued by the Company within ten (10) market days after its finalisation. The Abridged Prospectus accompanying the Notice of Provisional Allotment and Rights Subscription Form will be despatched to the entitled shareholders on 29 May 2007. This announcement is dated 10 May 2007. |
Announcement Info
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 10 May 2007 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MM-070510-41985 |