General Announcement for PLC
21/10/2021NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HEXTAR INDUSTRIES BERHAD (FORMERLY KNOWN AS SCH GROUP BERHAD) ("HEXTAR INDUSTRIES" OR "COMPANY") RIGHTS ISSUE
HEXTAR INDUSTRIES BERHAD |
Type | Announcement | ||||||||||||||||||
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
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Description | HEXTAR INDUSTRIES BERHAD (FORMERLY KNOWN AS SCH GROUP BERHAD) ("HEXTAR INDUSTRIES" OR "COMPANY") RIGHTS ISSUE |
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This announcement is dated 21 October 2021.
Unless otherwise stated, definitions used herein shall have the same meaning as those defined in Hextar Industries’ Circular dated 4 February 2021, Hextar Industries’ Abridged Prospectus dated 29 September 2021 and announcements dated 6 November 2020, 1 December 2020, 12 January 2021, 26 February 2021, 12 July 2021, 8 September 2021, 9 September 2021, 14 September 2021 and 29 September 2021, respectively, in relation to the Rights Issue.
On behalf of the Board, AmInvestment Bank is pleased to announce that as at the closing of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 14 October 2021 (“Closing Date”), Hextar Industries had received valid acceptances and excess applications for a total of 1,169,924,813 Rights Shares, representing a subscription rate of 125.81% of the total number of 929,864,180 Rights Shares available for subscription, resulting in an over-subscription rate of 25.81%.
Details of the valid acceptances and excess applications received as at the Closing Date are as follows:-
The Excess Rights Shares have been allotted in accordance with the basis stated in the Abridged Prospectus dated 29 September 2021.
The Rights Shares are expected to be listed and quoted on the ACE Market of Bursa Securities on 29 October 2021. |
Announcement Info
Company Name | HEXTAR INDUSTRIES BERHAD |
Stock Name | HEXIND |
Date Announced | 21 Oct 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-20102021-00070 |