Newsroom
Rights Issue
BackSep 19, 2022
| Entitlement subject | Rights Issue |
| Type | Renounceable |
| Entitlement description |
RENOUNCEABLE RIGHTS ISSUE OF UP TO 88,000,000 NEW ORDINARY SHARES IN HUA YANG BERHAD ("HYB") ("HYB SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 4 EXISTING HYB SHARES HELD AS AT 5.00 P.M. ON MONDAY, 3 OCTOBER 2022, TOGETHER WITH UP TO 88,000,000 FREE DETACHABLE WARRANTS IN HYB ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RM0.18 PER RIGHTS SHARE ("RIGHTS ISSUE WITH WARRANTS") |
| Ex-Date | 30 Sep 2022 |
| Entitlement date | 03 Oct 2022 |
| Entitlement time | 5:00 PM |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 03 Oct 2022 |
| 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) |
|
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.1800 |
| Par Value (if applicable) | |
| Entitlement indicator | Ratio |
| Entitlement Details | |
| Company Name |
HUA YANG BERHAD |
| Entitlement | Ordinary Rights |
| Ratio (New:Existing) | 1.0000 : 4.0000 |
| Rights Crediting Date | 03 Oct 2022 |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no | BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:(03)7890 4700 Fax:(03)7890 4670 |
| Remarks : |
|
The Abridged Prospectus together with the Notice of Provisional Allotment and Rights Subscription Form in relation to the Rights Issue with Warrants (collectively, the "Documents") will only be despatched to the shareholders of HYB whose names appear in HYB's Record of Depositors as at 5.00 p.m. on Monday, 3 October 2022 ("Entitlement Date") at their address in Malaysia or who have provided the Share Registrar with an address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue with Warrants and the Documents comply with the laws of any countries or jurisdictions other than Malaysian laws. Acceptance of and payment for the Provisional Allotments and Excess Applications must be made by way of Rights Subscription Form enclosed together with the Abridged Prospectus, via electronic application, or via any method in the manner as set out in the Abridged Prospectus. |
Announcement Info
| Company Name | HUA YANG BERHAD |
| Stock Name | HUAYANG |
| Date Announced | 19 Sep 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19092022-00003 |
| Corporate Action ID | MY220919RHDI0001 |