Bursa Announcements

Date : 01 August 2013

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING SUNWAY BERHAD (“SUNWAY” OR “COMPANY”) RENOUNCEABLE RIGHTS ISSUE OF UP TO 568,702,201 NEW ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.70 ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY THREE EXISTING ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“SUNWAY SHARES”) HELD BY SHAREHOLDERS OF SUNWAY AS AT 5.00 P.M. ON 15 JULY 2013 (“RIGHTS ISSUE”)

SUNWAY BERHAD

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionSUNWAY BERHAD (“SUNWAY” OR “COMPANY”)

RENOUNCEABLE RIGHTS ISSUE OF UP TO 568,702,201 NEW ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.70 ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY THREE EXISTING ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“SUNWAY SHARES”) HELD BY SHAREHOLDERS OF SUNWAY AS AT 5.00 P.M. ON 15 JULY 2013 (“RIGHTS ISSUE”)

We refer to the previous announcements made in relation to the Rights Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, RHB Investment Bank wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 30 July 2013 (“Closing Date”), Sunway had received valid acceptances and excess applications for a total of 571,048,371 Rights Shares. This represents an over subscription of approximately 32.53% over the total number of Rights Shares available under the Rights Issue.

The details of valid acceptances and excess applications received as at the Closing Date are as follows:

 

No. of Rights Shares

% of total issue

Total valid acceptances

426,991,787

99.10

Total valid excess applications

144,056,584

33.43

Total valid acceptances and excess applications

571,048,371

132.53

Total Rights Shares available for subscription

430,868,877

100.00

Over subscription

140,179,494

32.53

Accordingly, the excess Rights Shares will be allocated in accordance with the basis as stated in the abridged prospectus dated 15 July 2013 in relation to the Rights Issue.

The Rights Shares are expected to be listed on the Main Market of Bursa Securities on 13 August 2013.

This announcement is dated 1 August 2013.



Announcement Info

Company NameSUNWAY BERHAD  
Stock Name SUNWAY    
Date Announced1 Aug 2013  
CategoryGeneral Announcement
Reference NoMI-130801-54646

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