Bonus, Rights Issues as at 14th March 2012

Filed Under (Other News) by Webmaster on 13-03-2012

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AmFIRST REIT

Announcement date:  March 8, 2012

 

Proposed renounceable rights issue on the basis of three rights units for every five existing units in AmFIRST REIT at an entitlement date to be determined later.

 

Berjaya Corporation

Announcement date:  March 5, 2012

 

Lodgement date: March 19, 2012

 

Renounceable rights issue of up to RM764,240,189 nominal value of 10-year 5% irredeemable convertible unsecured loan stocks (new ICULS) at 100% of its nominal value together with up to 764,240,189 free detachable warrants on the basis of one RM1.00 nominal value of new ICULS and one warrant for every six existing ordinary shares of RM1,00 each held.

 

Berjaya Food

Announcement date: March 2, 2012

 

Proposed renounceable rights issue of up to 118,944,800 ordinary shares of RM0.50 each, together with up to 118,944,800 new free warrants on the basis of four rights shares together with four warrants for every five shares held on an entitlement date to be determined and announced later.

 

CCK Consolidated

Announcement date: February 29, 2012

 

Lodgement date: March 15, 2012

 

Distribution of one treasury share for every fifteen existing ordinary shares of RM0.50 each held.

 

C.I. Holdings Bhd

Announcement date: March 5, 2012

 

Lodgement date: March 20, 2012

 

Capital repayment of RM0.50 per ordinary share of RM1.00 each in C.I. Holdings Bhd.

 

Destini Bhd

Announcement date: February 17, 2012

 

1) Proposed share capital reduction involving the reduction of the par value of each existing ordinary shares of RM0.50 each in Destini to ordinary shares of RM0.10 each by the cancellation of RM0.40 of the par value.

 

2) Proposed renounceable rights issue of 200,000,000 new Destini shares on the basis of five rights shares for every two existing Destini shares held on an entitlement date to be determined later after the proposed capital reduction.

 

Dolomite

Announcement date: January 17, 2012

 

Proposed renounceable rights issue of up to 26,272,721 new redeemable convertible preference shares of RM0.01 each in DCB together with up to 26,272,721 new free detachable warrants at an indicative issue price of RM0.50 per Rights RCPS on the basis of one Rights RCPS together with one warrant for every ten existing ordinary shares of RM0.50 each held in DCB.

 

Ewein Bhd

Announcement date: February 29, 2012

 

Proposed bonus issue of 52,731,300 free warrants in Ewein on the basis of one free warrant for every two existing ordinary shares of RM0.50 each in Ewein held on an entitlement date to be determined later.

 

Fajarbaru Builder Group

Announcement date: February 28, 2012

 

Lodgement date: March 21, 2012

 

Distribution of one treasury share for every thirty five ordinary shares of RM0.50 each held.

 

Fast Track Solution

Announcement date: March 5, 2012

 

Proposed renounceable rights issue of up to 153,747,000 new ordinary shares of RM0.10 each together with up to 102,498,000 free detachable warrants at an indicative issue price of RM0.10 per rights shares on the basis of three rights shares for every two existing ordinary shares of RM0.10 each held together with two free warrants for every three rights shares subscribed at an entitlement date to be determined later.

 

GPRO

Announcement date: January 20, 2012

 

1) Proposed reduction of the issued and paid-up share capital of GPRO involving the cancellation of RM0.09 of the par value of each existing ordinary share of RM0.10 in GPRO pursuant to Section 64 of the Companies Acts, 1965.

 

2) Proposed renounceable rights issue up to 253,994,100 new ordinary shares of RM0.01 each in GPRO together with up to 253,994,100 free new detachable warrants at an issue price of RM0.10 per rights share on the basis of one rights share together with one warrant for every one existing ordinary share of RM0.01 each in GPRO on an entitlement date to be determined and announced later.

 

Haisan Resources

Announcement date: December 21, 2011

 

1) Proposed reduction of Haisan’s issued and paid-up share capital involving the cancellation of RM0.45 of the par value of each existing ordinary share of RM0.50 each in Haisan pursuant to Section 64 of the Companies Act, 1965.

 

2) Proposed renounceable rights issue of up to 268,469,666 new ordinary shares of RM0.05 each in Haisan together with up to 134,234,833 free detachable warrants at an issue price of RM0.05 per rights share on the basis of ten rights shares together with five warrants for every three ordinary shares of RM0.05 each in Haisan held after the proposed capital reduction, based on a minimum subscription level of 80,000,000 rights shares together with 40,000,000 warrants on an entitlement date to be determined and announced later.

 

Hartalega Holdings

Announcement date: February 22, 2012

 

1) Proposed bonus one-for-one.

 

2) Proposed a free warrants issue of up to 74,330,988 free warrants on the basis of one free warrant for every five existing shares hled on the same entitlement date as the proposed bonus issue.

 

Hock Seng Lee

Announcement date: February 28, 2012

 

Lodgement date: March 28, 2012

 

Distribution of share dividend on the basis of one treasury share for every fifty existing ordinary shares of RM0.20 each held, fractions of treasury shares are to be disregarded.

 

Hubline Bhd

Announcement date: March 5, 2012

 

2) Proposed bonus issue of 46,500,000 shares on the basis of one bonus share for every four rights shares subscribed.

 

MBM Resources

Announcement date: February 24, 2012

 

1) Proposed bonus three-for-ten.

 

2) Proposed renounceable rights issue of up to 73,652,300 new shares together with up to 73,652,300 new free detachable warrants on the basis of three rights shares with three free warrants for every ten existing shares held.

 

Meda Inc Bhd

Announcement date: March 7, 2012

 

Proposed bonus issue of up to 131,735,236 free warrants in Meda at an exercise price of RM0.60 per ordinary share of RM0.50 each in Meda at a step-up mechanism whereby the warrants will be adjusted upwards by RM0.10 at the expiry of every two anniversary years from the date of issuance on the basis of one free warrant for every four existing Meda shares held on an entitlement date to be determined later.

 

Melewar

Announcement date: January 31, 2012

 

1) Proposed share capital reduction via the cancellation of RM0.75 of the par value of every existing ordinary share of RM1.00 each in the issued and paid-up share capital of Melewar Industrial Group Bhd (MIG) pursuant to Section 64(1) of the Act.

 

2) Proposed renounceable rights issue of 150,348,539 new MIG shares at an indicative issue price of RM0.40 per rights share on the basis of two rights shares for every three existing MIG shares held on an entitlement date to be determined after the proposed share capital reduction.

 

Notion VTEC Bhd

Announcement date: February 20, 2012

 

1) Proposed bonus three-for-four.

 

2) Proposed issue of up to 46,303,507 free warrants (Warrant B) on the basis of one Warrant B for every four existing shares held.

 

PA Resources

Announcement date: February 24, 2012

 

1) Proposed share capital reduction via the cancellation of RM0.40 of the par value of every existing ordinary shares of RM0.50 each in PA Resources Bhd (PARB) pursuant to Section 64(1) of the Companies Act, 1965 and the credit arising therefrom to be offset against the accumulated losses in PARB.

 

2) Proposed renounceable rights issue of up to 894,623,100 new ordinary shares of RM0.10 each in PARB at an indicative issue price of RM0.10 per rights share on the basis of seven rights shares for every two PARB shares held on an entitlement date to be determined later after the proposed share capital reduction.

 

3) Proposed exemption under paragraph 16.1 of Practice Note 9 Of The Malaysian Code On Take-Overs And Mergers, 2010 to Chong Sze San and the parties acting in concert with him from the obligation to undertake a mandatory take-over offer for all the remaining PARB shares and outstanding warrants of PARB not already held by them pursuant to the proposed rights issue.

 

RCE Capital Bhd

Announcement date: February 14, 2012

 

1) Proposed bonus one-for-two.

 

2) Proposed renounceable rights issue of up to 479,198,444 new redeemable convertible non-cumulative preference shares (RCPS) of RM0.10 each in RCE on the basis of two RCPS for every five shares held after the proposed bonus issue.

 

R&A Telecomunication

Announcement date: March 7, 2012

 

Lodgement date: March 22, 2012

 

Bonus issue of 87,896,600 warrants on the basis of one free warrant for every ten existing ordinary shares of RM0.10 each in R & A held.

 

Saag Consolidated

Announcement date: February 13, 2012

 

1) Proposed restricted issue of a value of RM100 million new ordinary shares of RM0.10 each in Saag at an issue price to be determined later with entitlement to free warrants (Warrants A) on the basis of one free Warrant A for every five restricted issue shares to investor(s) to be identified by the company.

 

2) Proposed issuance of up to 1,380,000,000 free warrants (Warrants B) to loan creditors.

 

3) Proposed renounceable rights issue of up to 3,035,906,443 new ordinary shares of RM0.10 each in Saag at an issue price of RM0.10 per rights share on the basis of seven rights shares for every five existing ordinary shares of RM0.10 each held in Saag at an entitlement date to be determined, together with up to 607,181,289 free detachable warrants (Warrants C) on the basis of one Warrant C for every five rights shares subscribed.

 

Scope Industries

Announcement date: March 1, 2012

 

Proposed issue of up to 59,000,000 free warrants on the basis of two free warrants for every ten ordinary shares of RM0.10 each held.

 

SMPC Corporation

Announcement date: March 8, 2012

 

Lodgement date: March 22, 2012

 

Reduction of RM58,180,469 from the issued and paid-up share capital of SMPC Corporation Bhd (SMPC) pursuant to Section 64(1) of the Companies Act, 1965, by way of cancellation of RM0.90 from the par value of the existing ordinary shares of RM1.00 each in SMPC and thereafter the consolidation of ten ordinary shares of RM0.10 each into one new ordinary share of RM1.00 each.

 

SMR Technologies

Announcement date: February 29, 2012

 

Proposed bonus issue of up to 92,906,999 warrants on the basis of one warrant for every two existing ordinary shares of RM0.10 each held on an entitlement date to be determined later.

 

Tambun

Announcement date: January 19, 2012

 

Proposed renounceable rights issue of up 88,400,000 new ordinary shares of RM0.50 each, together with 44,200,000 new free detachable warrants on the basis of two rights shares and one free warrant for every five existing ordinary shares of RM0.50 each held on an entitlement date to be determined later.

 

Tricubes Bhd

Announcement date: November 18, 2011

 

1) Proposed share premium reduction of up to RM9.93mil under Section 64 of the Companies Act, 1965.

 

2) Proposed private placement of up to 26,800,000 new ordinary shares of RM0.10 each to third party investors to be identified at an issue price to be determined.

 

3) Proposed renounceable rights issue of up to 107,200,000 new shares together with up to 53,600,000 free detachable warrants at an indicative issue price of RM0.10 per rights share on the basis of two rights shares together with one free warrant for every three shares held after the proposed share premium reduction and proposed private placement.

 

XDL

Announcement date: January 18, 2012

 

Proposed bonus one-for-two and renounceable rights issue of up to 241,999,945 warrants at an issue price of RM0.05 per warrant on the basis of one warrant for every two existing shares held by the entitled shareholders of the company on the same entitlement date as the proposed bonus issue

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UEM Land to issue RM970million Rights

Filed Under (Business News) by Webmaster on 12-01-2010

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UEM land

UEM Land Holdings Bhd has proposed to raise about RM970mil via a rights issue to repay its borrowings, pay for the acquisition of land in Cyberjaya and for property development and working capital purposes.

In a filing with Bursa Malaysia yesterday, UEM Land said the issue price for the rights shares was expected to be fixed at a discount of at least 30% to the theoretical ex-rights price of its shares immediately before the price fixing date which would be determined and announced in due course.

UEM Land intends to utilise RM633mil from the gross proceeds to repay a term loan owed by wholly-owned unit Bandar Nusajaya Development Sdn Bhd and RM266.2mil for property development.

Managing director and chief executive officer Wan Abdullah Wan Ibrahim said the proposed rights issue would allow the company to raise funds to repay its borrowings and reduce its interest cost which would lead to a more robust capital structure.

Wan Abdullah Wan Ibrahim says the rights issue will allow the company to repay its borrowings

“The inflow of capital for our property development activities will accelerate the realisation of value from our Nusajaya land bank and spur UEM Land’s future earnings growth,” he said, adding that the company had a number of property projects in the pipeline.

“We are also optimistic that for 2010, the overall property market in Malaysia will outperform 2009 – particularly for Johor where we expect a lot of excitement arising from the successful implementation of Iskandar Malaysia’s initiatives and the spillover demand from Singapore with the recovery of Singapore’s property market and the opening of the Marina Bay Sands and Resorts World Sentosa,” Wan Abdullah said.

Subject to all approvals being obtained, the proposed rights issue is expected to be completed by April 30.

In line with its confidence in and continuing support of UEM Land, UEM Group Bhd (a major shareholder of UEM Land) has provided its irrevocable written undertaking to subscribe in full or procure the subscription in full of its entitlement under the proposed rights issue

As at Dec 31, UEM Group held directly 1.87 billion UEM Land shares, representing 77.14% equity interest. Pursuant to the UEM Group undertaking, UEM Group’s minimum subscription amount will be about RM748.2mil.

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Types of stocks traded in Bursa Malaysia

Filed Under (General Trading Knowledge) by Webmaster on 20-04-2009

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This posting is about the type of stocks available to trade in Bursa Malaysia.

Ordinary Stocks

When purchasing an ordinary stock, you own a share of the company. This entitles you to receive profits from the operations of the company in the form of dividends. At the annual general meeting (also referred to as an AGM), you have voting rights. Ordinary stocks are what you will start to trade in and most traders never venture beyond this.

Preferential Stocks

A preference stock is different from an ordinary stock. Preference stockholders receive dividends before dividends on ordinary stocks are announced. If the company is wound up, preference stockholders rank above ordinary stockholders in the distribution of assets. Preference stocks can often have a fixed dividend rate.

Bonus Issue

This is a free issue of stocks to the stockholders based on the number of stocks already owned.

Rights Issue

A rights issue can be granted to stockholders to buy stocks in the company, often below market price.

Derivatives

There are also securities you can trade on the market that derive their price from the parent stocks.

There are two types – Options and Warrants – and these are collectively known as Derivatives.

Options

There are two parties involved in an options contract, the writer or seller and the taker or buyer. The writer writes the option and has the obligation of accepting or delivering the stocks. The takers have the right, but not the obligation, to buy or sell the stocks. There are many advantages of options trading, the least of which is leverage. An option can be bought and sold for a fraction of the stock price, giving an effective higher return (or loss) on investment for a stock price move.
Warrants

Warrants, like options, derive their price from the parent security. Warrants though are issued by banks and other financial institutions and are classified based on whether they have an investment or trading purpose. Warrants may be issued over securities, a portfolio of securities, a stock price index, currency or commodities.

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