10,000,000 No of Shares - Private PlacementThe Private Placement of 10,000,000 shares comprises the following: Issue of 9,928,000 new shares in Seremban Engineering; and Offer for sale of 72,000 shares in Seremban Engineering.
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Time Table
Allotment Date
06/05/2010
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Listing Date
10/05/2010
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Issuing House
MIH 485
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ISIN Code
MYL5163OO000
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Prospectus:
PUBLIC ISSUE AND OFFER FOR SALE OF 28,000,000 ORDINARY SHARES OF RM0.50 EACH IN OUR COMPANY COMPRISING:
• RENOUNCEABLE RESTRICTED OFFERING OF 8,000,000 ORDINARY SHARES OF RM0.50 EACH BY WAY OF A RENOUNCEABLE RESTRICTED OFFER TO THE ENTITLED SHAREHOLDERS OF SUCCESS TRANSFORMER CORPORATION BERHAD (“SUCCESS TRANSFORMER”) ON THE BASIS OF 1 ORDINARY SHARE OF RM0.50 EACH IN OUR COMPANY FOR EVERY 15 EXISTING ORDINARY SHARES OF RM0.50 EACH HELD IN SUCCESS TRANSFORMER AS AT THE ENTITLEMENT DATE (AS DEFINED HEREIN);
• ISSUE OF 3,500,000 NEW ORDINARY SHARES OF RM0.50 EACH TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SUCCESS TRANSFORMER AND ITS SUBSIDIARIES, OUR COMPANY AND OUR GROUP OF COMPANIES (“GROUP”) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;
• ISSUE/ OFFER OF 10,000,000 ORDINARY SHARES OF RM0.50 EACH BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND
• ISSUE OF 6,500,000 NEW ORDINARY SHARES OF RM0.50 EACH TO THE MALAYSIAN PUBLIC
AT AN ISSUE/OFFER PRICE OF RM0.85 PER ORDINARY SHARE OF RM0.50, EACH PAYABLE IN FULL UPON APPLICATION, IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD