HWGB
Rights Issue
| HO WAH GENTING BERHAD |
| EX-date | 19 Feb 2016 |
| Entitlement date | 23 Feb 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 617,598,349 NEW ORDINARY SHARES OF RM0.05 EACH IN HWGB ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.05 EACH IN HWGB TOGETHER WITH UP TO 494,078,679 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF FOUR (4) WARRANTS FOR EVERY FIVE (5) RIGHTS SHARES SUBSCRIBED AT 5.00 P.M. ON 23 FEBRUARY 2016 AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE ("RIGHTS ISSUE WITH WARRANTS") |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2016 |
| 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 | SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Tel:0378490777 Fax:0378418151 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 23 Feb 2016 |
| 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) | 617,598,349 |
| Entitlement indicator | Ratio |
| Ratio | 1 : 1 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.080 |
| Par Value | Malaysian Ringgit (MYR) 0.050 |
| Remarks : |
Shareholders' approval for the Rights Issue with Warrants was obtained on 12 November 2015. The abridged prospectus together with the rights subscription form and the notice of provisional allotment (collectively referred to as Documents) in relation to the Rights Issue with Warrants will be despatched on 25 February 2016 to the entitled shareholders of HWGB whose names appear on the Record of Depositors of HWGB on 23 February 2016. This Documents have not been and will not be registered under or made to comply with the laws of any foreign jurisdiction and have not been (and will not be) lodged, registered or approved pursuant to or under any legislation (or with or by any regulatory authority or other relevant body) of any foreign jurisdiction. The Rights Issue with Warrants will not be made or offered in any foreign jurisdiction. Accordingly, this Documents will not be sent to the foreign Entitled Shareholders or their renouncee(s) / transferee(s) (if applicable) who do not have a registered address in Malaysia. However, such foreign Entitled Shareholders or their renouncee(s) / transferee(s) (if applicable) may collect the Documents from the Companys Share Registrar, 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. This announcement is dated 5 February 2016. |
Announcement Info
| Company Name | HO WAH GENTING BERHAD |
| Stock Name | HWGB |
| Date Announced | 05 Feb 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-05022016-00004 |