MULTIPLE PROPOSALS FUTUTECH BERHAD (“FUTUTECH” OR “THE COMPANY”) (I) CAPITAL REDUCTION; AND (II) RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
FUTUTECH BERHAD |
Type | Announcement | ||||||||||||||||||
Subject | MULTIPLE PROPOSALS | ||||||||||||||||||
Description | FUTUTECH BERHAD (“FUTUTECH” OR “THE COMPANY”) (I) CAPITAL REDUCTION; AND (II) RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) | ||||||||||||||||||
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 4 May 2011 in relation to the Proposals. We refer to the announcements dated 4 May 2011, 3 June 2011, 7 June 2011, 29 June 2011, 6 July 2011, 18 July 2011, 19 July 2011, 28 July 2011 and 29 July 2011 in relation to the Proposals. On behalf of the Board of Directors of Fututech (“Board”), OSK Investment Bank Bhd and Astramina Advisory Sdn Bhd wish to announce that as at the close of acceptance and payment of the Rights Issue at 5.00 p.m. on 29 August 2011, the total valid acceptances and total valid excess applications received for the Rights Issue were 32,010,653 Rights Shares, which represents an under subscription of 45.49% over the total number of 58,726,356 Rights Shares available for subscription under the Rights Issue.
In view that the Rights Shares have not been fully subscribed for, the Board has decided to allot the Rights Shares to all applicants who have applied for the excess Rights Shares. This announcement is dated 6 September 2011. |
Announcement Info
Company Name | FUTUTECH BERHAD |
Stock Name | FUTUTEC |
Date Announced | 6 Sept 2011 |
Category | General Announcement |
Reference No | OI-110906-51767 |