Date : 17 May 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") I. PROPOSED RIGHTS ISSUE; AND II. PROPOSED EXEMPTION

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")

I.	PROPOSED RIGHTS ISSUE; AND

II.	PROPOSED EXEMPTION

On behalf of the Board of Directors of MRCB, RHB Investment Bank Berhad wishes to announce that MRCB is proposing to undertake the following proposals:-

 

(a)  a renounceable rights issue of up to 2,856,719,498 new ordinary shares in MRCB (MRCB Shares or Shares) (Rights Shares) together with up to 571,343,900 free detachable warrants (Rights Warrants), on the basis of one (1) Rights Share for every one (1) existing MRCB Share held and one (1) free Rights Warrant for every five (5) Rights Shares subscribed for, on an entitlement date to be determined later (Proposed Rights Issue); and

 

(b)  exemption to the Employees Provident Fund Board, Gapurna Sdn Bhd and persons acting in concert with them from the obligation to undertake a mandatory offer for the remaining MRCB Shares and convertible securities not already owned by them arising from the application for excess Rights Shares under the Proposed Rights Issue as well as the subsequent exercise of the Rights Warrants into new MRCB Shares (Proposed Exemption),

 

(the Proposed Rights Issue and Proposed Exemption are collectively referred to as the Proposals).

 

Further details on the Proposals are set out in the attachment below.

 

 

This Announcement is dated 17 May 2017.




Please refer attachment below.



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 17 May 2017
Category General Announcement for PLC
Reference Number GA1-17052017-00077