Listing Information and Profile

12/05/2021

Profile for Securities of PLC

HENG HUAT RESOURCES GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
HENG HUAT RESOURCES GROUP BERHAD ("HENG HUAT" OR THE "COMPANY")

ISSUANCE OF FREE DETACHABLE WARRANTS IN HENG HUAT ("WARRANTS") TO THE ENTITLED SHAREHOLDERS OF HENG HUAT PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 46,235,733 NEW ORDINARY SHARES IN HENG HUAT ("HENG HUAT SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING HENG HUAT SHARES HELD AS AT 5.00 PM ON 13 APRIL 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE, TOGETHER WITH 69,353,589 WARRANTS ON THE BASIS OF 3 WARRANTS FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
Listing Date 17 May 2021
Issue Date 07 May 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 69,353,589
Maturity Mandatory
Maturity Date 06 May 2026
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.2000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks : 
Each Warrant carries the entitlement to subscribe for 1 new Heng Huat Share at the exercise price (as set out above) and at any time during the exercise period (as set out above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 30 March 2021 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid.

If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 12 May 2021.

Announcement Info

Company Name HENG HUAT RESOURCES GROUP BERHAD
Stock Name HHGROUP-WA
Date Announced 12 May 2021
Category Listing Information and Profile
Reference Number LIP-11052021-00010


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Date Title
15/04/2022 Profile for Securities of PLC