MULTIPLE PROPOSALS MULPHA INTERNATIONAL BHD ("MULPHA" OR THE "COMPANY") I. PROPOSED RIGHTS ISSUE; AND II. PROPOSED EXEMPTION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| MULPHA INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | MULPHA INTERNATIONAL BHD ("MULPHA" OR THE "COMPANY")
I. PROPOSED RIGHTS ISSUE; AND
II. PROPOSED EXEMPTION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
On behalf of the Board of Directors of Mulpha, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-
i. a renounceable two (2)-call rights issue of 1,066,826,679 new ordinary shares of RM0.50 each in Mulpha ("Mulpha Shares" or "Shares") ("Rights Shares") on the basis of one (1) Rights Share for every two (2) existing Mulpha Shares held on an entitlement date to be determined later ("Entitlement Date"), at an indicative issue price of RM0.50 per Rights Share, of which the indicative first call of RM0.25 per Rights Share is payable in cash on application ("First Call") and the indicative second call of RM0.25 per Rights Share is to be capitalised from the share premium of the Company ("Second Call") ("Proposed Rights Issue"); and
ii. an exemption to Yong Pit Chin, Mount Glory Investments Limited and the persons acting in concert with them from the obligation to undertake a mandatory take-over offer for all the remaining Mulpha Shares not already held by them upon completion of the Proposed Rights Issue under Paragraph 16.1 of Practice Note 9 of the Malaysian Code on Take-Overs and Mergers, 2010 ("Proposed Exemption").
Further details on the Proposals are set out in the attachment enclosed.
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Please refer attachment below.
Announcement Info
| Company Name | MULPHA INTERNATIONAL BERHAD |
| Stock Name | MULPHA |
| Date Announced | 09 Nov 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09112015-00072 |
