Description | Renounceable rights issue of 157,048,290 new ordinary shares of RM1.00 each in Mega First Corporation Berhad ("MFCB") ("MFCB Shares") ("Rights Shares") at an issue price of RM1.59 per Rights Share, which can be subscribed for at USD0.38 pursuant to the Subscription Option (as defined herein), together with 67,306,410 free detachable warrants ("Warrants") on the basis of seven (7) Rights Shares for every ten (10) MFCB Shares held by the entitled shareholders as at 5.00 p.m. on 11 March 2016 ("Entitlement Date") ("Entitled Shareholders") and three (3) Warrants for every seven (7) Rights Shares subscribed for ("Rights Issue with Warrants") |