Company announcements: TEOSENG

TEOSENG - Bonus Issue

Announcement Type: Entitlements (Notice of Book Closure)

Company Name	TEO SENG CAPITAL BERHAD
Stock Name	TEOSENG
Date Announced	14 Jan 2015
Category	Entitlements (Notice of Book Closure)
Reference No	MI-141217-41967

EX-date	26/01/2015
Entitlement date	28/01/2015
Entitlement time	05:00:00 PM
Entitlement subject	Bonus Issue
Entitlement description	Bonus issue of up to 100,000,000 new ordinary shares of RM0.20 each in Teo Seng Capital Berhad ("Shares")("Bonus Shares") to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing Shares held at 5.00 p.m. on 28 January 2015 ("Entitlement Date").
Period of interest payment	to
Financial Year End
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Tricor Investor Services Sdn. Bhd. Level 17, The Gardens North Tower, Mid Valley City Lingkaran Syed Putra 59200 Kuala Lumpur Tel no.: 03-2264 3883 Fax no.: 03-2282 1886
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	28/01/2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Ratio
Ratio	1 : 2
Rights Issues/Offer Price

Remarks :

The Bonus Shares will be credited into the entitled shareholder's central depository system account and notice of allotment will be issued and despatched to the address as per the Record of Depositors within five (5) clear market days from the Entitlement Date. The Bonus Shares will be quoted within two (2) market days after the submission of the application for quotation of the Bonus Shares to Bursa Malaysia Securities Berhad. This announcement is dated 14 January 2015.

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TEOSENG - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES

Announcement Type: General Announcement

Company Name	TEO SENG CAPITAL BERHAD
Stock Name	TEOSENG
Date Announced	14 Jan 2015
Category	General Announcement
Reference No	MI-150114-63498

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES
Description	TEO SENG CAPITAL BERHAD (“TEO SENG” OR “COMPANY”) (I) BONUS ISSUE OF UP TO 100,000,000 NEW ORDINARY SHARES OF RM0.20 EACH IN TEO SENG (“SHARES”) (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD AT THE CLOSE OF BUSINESS ON 28 JANUARY 2015 (“ENTITLEMENT DATE”) (“BONUS ISSUE OF SHARES”); AND (II) BONUS ISSUE OF UP TO 50,000,000 WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) EXISTING SHARES HELD ON THE ENTITLEMENT DATE (“BONUS ISSUE OF WARRANTS”)
We refer to the announcements dated 11 November 2014, 21 November 2014, 5 December 2014 and 23 December 2014 in relation to, among others, the Bonus Issue of Shares and Bonus Issue of Warrants. On behalf of the Board of Directors of Teo Seng (“Board”), Maybank Investment Bank Berhad wishes to announce that the Board had on 14 January 2015, resolved to fix the exercise price of the Warrants at RM1.35 per Warrant, representing a premium of approximately 9.76% to the theoretical ex-bonus price (“TEBP”) of the Shares of approximately RM1.23, calculated based on the five (5)-day volume weighted average market price (“VWAMP”) of the Shares up to and including 13 January 2015 (being the market day immediately preceding the price-fixing date) of RM1.84 per Share. The exercise price of the Warrants was determined by the Board after taking into consideration, among others, the following: (i) the TEBP of the Shares based on the five (5)-day VWAMP of the Shares on the market day immediately preceding the price-fixing date for the Warrants with  a premium of  up to 10% to the TEBP; (ii) the historical volatility and share price movement of the Shares; and (iii) the potential future earnings of Teo Seng and its subsidiaries. The Company had on even date executed the deed poll constituting up to 50,000,000 Warrants to be issued pursuant to the Bonus Issue of Warrants. This Announcement is dated 14 January 2015.

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