Hap Seng fixes rights shares at RM1.05, warrants RM1.65

KUALA LUMPUR: HAP SENG CONSOLIDATED BHD [] has fixed the issue price of the rights shares with warrants at RM1.05.

It said on Tuesday, July 5 the exercise price of the new free detachable warrants to be issued pursuant to the rights issue with warrants was fixed at RM1.65.

Hap Seng said the issue price for the rights share at RM1.05 was a discount of about 35.98% to the theoretical ex-all price of its shares of RM1.64 calculated based on the five-day volume weighted average price, up to and including July 4, of RM5.26.

The rights Issue will entail the issuance of 364.39 million rights shares and 364.39 million warrants.

“Accordingly, the rights issue with warrants is expected to raise gross proceeds of approximately RM382.61 million (excluding any proceeds from the exercise of warrants),” it said.

As for the exercise price of the warrants at RM1.65, this is a premium of 0.61% to the theoretical ex-all price of Hap Seng shares of RM1.64.

Hap Seng said 364.39 million warrants will be issued together with the rights shares pursuant to the rights issue with warrants.

“Upon full exercise of the warrants, 364.39 million new shares will be issued and the gross proceeds to be raised shall be approximately RM601.25 million,” it said.

can buy hapseng-or ?

anyone familiar with OR ?

right issue RM1.05

One right free one warrants

wiltc2010 wrote:right issue RM1.05

One right free one warrants

if u want money follow us play call warrant

how?

wiltc2010 wrote:how?

phoenix or wesly

???

join us in our community trader forum [You must be registered and logged in to see this link.]

follow our call



or.....can make u rich or pok kai

i saw some or half ct go 10ct.....i saw some or 40ct go half ct so if you take dangerous leh

wht brokerage firm u use.....check with ur dealer on the or....conversion price.....what it do for u.....can convert to what....



then see if u trust hap seng or nt....

maxim$ wrote:

wiltc2010 wrote:how?

phoenix or wesly

wes have to take care of princess this few days [You must be registered and logged in to see this image.]