Listing Information and Profile

21/03/2016

Profile for Securities of PLC

HO WAH GENTING BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Renounceable rights issue of up to 617,598,349 new ordinary shares of RM0.05 each in Ho Wah Genting Berhad ("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) D") on the basis of four (4) Warrants D 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")
Listing Date 22 Mar 2016
Issue Date 16 Mar 2016
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 244,935,533
Maturity Mandatory
Maturity Date 15 Mar 2021
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)   0.0800
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 :
The Warrants D are issued free pursuant to the Rights Issue With Warrants.

The Warrants D may be exercised any time during the tenure of the Warrants D of five (5) years including and commencing from the issue date of the Warrants D and ending at 5.00 p.m. on the maturity date (a date being five (5) years from and including the date of issue of the Warrants D, provided that if such day falls on a day which is not a market day, then on the preceding market day) ("Exercise Period"). 

Each Warrant D carries the entitlement to subscribe for one (1) new ordinary share of RM0.05 each in HWGB at any time during the Exercise Period at the exercise price of RM0.08 per Warrant D ("Exercise Price"), which shall be satisfied fully in cash. Warrants D are constituted by and are subject to the provisions of the deed poll dated 28 January 2016.

Warrants D not exercised during the Exercise Period shall thereafter lapse and cease to be valid for any purpose.

This announcement is dated 21 March 2016.


Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB-WD
Date Announced 21 Mar 2016
Category Listing Information and Profile
Reference Number LIP-18032016-00015


Related Announcements for HWGB-WD
Date Title
28/03/2018 Profile for Securities of PLC