Bursa Announcements

Date : 02 December 2020

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SUNWAY BERHAD RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES

SUNWAY BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SUNWAY BERHAD
RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES

Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meanings as those previously defined in the Company’s announcements dated 27 May 2020, 6 July 2020, 9 July 2020, 10 August 2020, 2 September 2020, 9 September 2020, 2 October 2020, and 22 October 2020 (“Announcements”), the Circular to shareholders of the Company dated 11 August 2020 (“Circular”), and the Abridged Prospectus to the entitled shareholders of the Company dated 6 November 2020 (“Abridged Prospectus”) in relation to the Rights Issue of ICPS.

 

We refer to the Announcements, Circular and Abridged Prospectus in relation to the Rights Issue of ICPS.

 

On behalf of the Board, RHB Investment Bank wishes to announce that as at the close of acceptances, excess applications and payments for the Rights Issue of ICPS at 5.00 p.m. on 26 November 2020, Sunway had received valid acceptances and Excess ICPS Applications for a total of 984,213,277 ICPS. This represents an over subscription of approximately 0.66% over the total number of ICPS available under the Rights Issue of ICPS.

 

The details of valid acceptances and Excess ICPS Applications received as at the Closing Date are as follows:

 

 

No. of ICPS

% of total issue

Total valid acceptances

946,934,431

96.85

Total valid Excess ICPS Applications

37,278,846

3.81

Total valid acceptances and excess applications

984,213,277

100.66

Total ICPS available for subscription

977,779,351

100.00

Over subscription

6,433,926

0.66

 

Accordingly, the Excess ICPS will be allocated in accordance with the basis as stated in the Abridged Prospectus. 

 

The ICPS is expected to be listed on the Main Market of Bursa Securities on 8 December 2020.

 

This announcement is dated 2 December 2020.

 






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 02 Dec 2020
Category General Announcement for PLC
Reference Number GA1-02122020-00143


Back