(The
abbreviations used throughout this announcement shall have the same meanings as
defined in the announcement dated 10 December 2012, unless otherwise stated. The Proposed Rights Issue with Warrants is
hereinafter referred to as the “Rights Issue with Warrants”.)
We refer to the
announcements dated 10 December 2012, 14 December 2012, 26 December 2012, 14
January 2013, 18 January 2013, 5 February 2013, 6 February 2013 and 7 February 2013
in relation to, amongst others, the Rights Issue with Warrants.
On behalf of the Board of
Mah Sing, CIMB and HLIB wish to jointly announce that at the close of
acceptance, excess application and payment for the Rights Issue with Warrants at
5.00 p.m. on 12 March 2013 (“Closing
Date”), Mah Sing had received valid acceptances and excess applications for
a total of 332,070,655 Rights Shares. This represents an over-subscription of 18.55%
over the total number of Rights Shares available under the Rights Issue with
Warrants.
Details of valid
acceptances and excess applications received as at the Closing Date are as
follows:
|
|
|
|
|
Total valid acceptances
|
277,059,959
|
98.91
|
|
Total valid excess applications
|
55,010,696
|
19.64
|
|
Total valid acceptances and excess
applications
|
|
|
|
Total Rights Shares available
for subscription
|
280,099,803
|
100.00
|
|
Excess Rights Shares available
|
3,039,844
|
1.09
|
Successful
applicants of the Rights Shares will be given Warrants on the basis of 3
Warrants for every 5 Rights Shares successfully subscribed for. The minimum
number of Warrants that can be issued and allotted with the accepted Rights
Shares is 1 Warrant. Any fractional Warrants will be disregarded and will be
included in the pool of Excess Rights Shares and Warrants (as defined below) to
be made available for excess application.
Accordingly, the Rights Shares and Warrants not taken up or not validly
taken up by our entitled shareholders and/or their renouncee(s) and/or
transferee(s) prior to excess application (“Excess
Rights Shares and Warrants”) will be allotted in the priority set out in the
Abridged Prospectus dated 25 February 2013 (“Abridged
Prospectus”) as follows:
(i) firstly,
to minimise the incidence of odd lots;
(ii) secondly,
for allocation to entitled shareholders who have applied for Excess Rights
Shares and Warrants on a pro-rata basis and in board lot, calculated based on
their respective shareholdings as at the Entitlement Date;
(iii) thirdly,
for allocation to renouncee(s) and/or transferee(s) who have applied for Excess
Rights Shares and Warrants on a pro-rata basis and in board lot, calculated
based on the quantum of Excess Rights Shares and Warrants applied for; and
(iv) in
the event that there are still unsubscribed Rights Shares and Warrants after
allocating all the Excess Rights Shares and Warrants applied for, the remaining
unsubscribed Rights Shares and Warrants will be subscribed by the Joint
Underwriters in accordance with the terms and conditions set out in the
Underwriting Agreement (all as defined in the Abridged Prospectus).
The Rights Shares and
Warrants are expected to be listed on the Main Market of Bursa Malaysia
Securities Berhad on 22 March 2013.
This announcement is dated 15 March 2013.
