Listing Circular

18/03/2013

SANICHI-DEBT RESTRUCTURING INVOLVING, AMONGST OTHERS, THE SETTLEMENT OF DEBTS OWING BY THE SCHEME COMPANIES (I.E COMPANIES WITHIN THE GROUP THAT WILL UNDERTAKE THE SCHEME OF ARRANGEMENT) TO THE SCHEME CREDITORS (I.E SECURED AND UNSECURED FINANCIAL INSTITUTIONS AND TRADE AND OTHER CREDITORS OF THE SCHEME COMPANIES UNDERTAKING THE SCHEME OF ARRANGEMENT) VIA THE ISSUANCE OF RM4,623,656 NOMINAL VALUE OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS AT 100% OF THE NOMINAL VALUE OF RM0.10 EACH AND 8,766,320 SETTLEMENT SHARES AT THE ISSUE PRICE OF RM0.10 EACH TO PARTIALLY SETTLE CERTAIN AMOUNT OF DEBTS PURSUANT TO THE PROPOSED DEBT RESTRUCTURING (DEBT RESTRUCTURING) RENOUNCEABLE RIGHTS ISSUE OF UP TO 120,970,000 RIGHTS SHARES TOGETHER WITH UP TO 60,485,000 FREE WARRANTS B AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT B FOR EVERY TWO (2) NEW STB SHARES HELD AFTER THE PROPOSED SHARE PREMIUM REDUCTION, THE PROPOSED PAR VALUE REDUCTION AND CONSOLIDATION AND THE PROPOSED RESTRICTED ISSUE WITH WARRANTS (RIGHTS ISSUE WITH WARRANTS)

SANICHI TECHNOLOGY BERHAD

LISTING'S CIRCULAR NO. L/Q : 67352 OF 2013

We are pleased to advise that:-

(i) STBs additional 8,766,320 Settlement Shares issued pursuant to the Debt Restructuring will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 20 March 2013;

(ii) STB's additional 120,970,000 Rights Shares issued pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 20 March 2013; and

(iii) STB's 60,485,000 Warrants B issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of Bursa Securities and the listing and quotation of these Warrants on the ACE Market, will be granted with effect from 9.00 a.m., Wednesday, 20 March 2013.

The Stock Short Name, ISIN Code and Stock Number of the Warrants are "SANICHI-WB", MYQ0133WBS35 and "0133WB" respectively.


Announcement Info

Company NameSANICHI TECHNOLOGY BERHAD (ACE Market) 
Stock Name SANICHI
Date Announced18 Mar 2013  
CategoryListing Circular
Reference NoYL-130314-41371