General Announcement for PLC

21/10/2021

NEW 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
Description
HEXTAR INDUSTRIES BERHAD (FORMERLY KNOWN AS SCH GROUP BERHAD) ("HEXTAR INDUSTRIES" OR "COMPANY")

RIGHTS ISSUE

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:-

 

 

Number of Rights Shares

As a percentage of the total Rights Shares available for subscription (%)

Total valid acceptances

733,602,954

78.89

Total valid excess applications

436,321,859

46.92

Total valid acceptances and excess applications

1,169,924,813

125.81

Total number of Rights Shares available for subscription

929,864,180

100.00

Over-subscription

240,060,633 25.81

 

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


Related Announcements for HEXIND
Date Title
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22/08/2022 OTHERS HEXTAR INDUSTRIES BERHAD ("HIB" OR "THE COMPANY") - APPLICATION FOR EXTENSION OF TIME TO HOLD THE ELEVENTH ANNUAL GENERAL MEETING TO BE HELD IN YEAR 2023 PURSUANT TO SECTION 340 OF THE COMPANIES ACT 2016
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