CRESBLD
Offer for Sale
| MGR CORPORATION BERHAD |
|
EX-date | 21/04/2003 |
| Entitlement date | 23/04/2003 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Offer for Sale |
| Entitlement description: | Non-renouceable offer for sale by Yong Soon Chow and Commerce Approach Sdn Bhd to former shareholders of MGR Corporation Berhad (Special Administrators Appointed) ("MGR") of 7,900,000 ordinary shares of RM1.00 each in Crest Builder Holdings Berhad ("CBHB") ("CBHB Shares") at an offer price of RM1.00 each payable in full upon application ("Share Offer") |
| Period of interest payment | to |
| For year ending/Period ending/ended | |
| Share transfer book & register of members will be closed from (both dates inclusive) for the purpose of determining the entitlements | to |
| Registrar's name ,address, telephone no: | Panama Resources Sdn Bhd No.23, Jalan Sri Hartamas Sri Hartamas 50480 Kuala Lumpur Tel : (603) 6201 1120 Fax : (603) 6201 3121 |
| Payment date | |
| a) Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 23/04/2003 |
| b) Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 23/04/2003 |
| c) Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE. | |
| Number of new shares/securities issued (units) (If applicable) | 7900000 |
| Entitlement indicator | Ratio |
| Ratio | 999 : 1 |
| Rights Issues/Offer Price | 1 |
| Remarks : |
| This announcement is dated 4 April 2003. Further to our announcement dated 27 February 2003, AmMerchant Bank Berhad (formerly known as Arab-Malaysian Merchant Bank Berhad), on behalf of CBHB, hereby give notice of book closure to the former shareholders of MGR in respect of the Share Offer. The entitlement of the former shareholders of MGR to the Share Offer will be determined on the basis of such number of CBHB Shares required to top up their respective shareholdings of less than 1,000 CBHB Shares held as at the Book Closure for the Share Offer to lots of 1,000 CBHB Shares. For example, as set out in the above Ratio of 999:1, if a former shareholder of MGR is holding 1 CBHB Share as at the Book Closure, this shareholder will be entitled to 999 CBHB Shares pursuant to the Share Offer. The Share Offer is not underwritten. The Prospectus in relation to the Share Offer, together with the Provisional Letter of Offer, will be despatched to the former shareholders of MGR not later than five (5) market days from the day of the Book Closure for the Share Offer. |
Announcement Info
| Company Name | MGR CORPORATION BERHAD |
| Stock Name | MGR |
| Date Announced | 4 Apr 2003 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MM-030404-69863 |