NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING INARI AMERTRON BERHAD ("INARI" OR "COMPANY") • RIGHTS ISSUE WITH WARRANTS

INARI AMERTRON BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description INARI AMERTRON BERHAD ("INARI" OR "COMPANY")

• RIGHTS ISSUE WITH WARRANTS


(All abbreviations used in this announcement are defined in the announcement dated 4 July 2014)
On behalf of the Company, M&A Securities is pleased to announce that at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on 10 February 2015 (“Closing Date”), Inari received valid acceptances and excess applications for a total of 107,351,480 Rights Shares. This represents a subscription level of 136.40% of the total number of Rights Shares available under the Rights Issue with Warrants.
Details of valid acceptances and excess applications received as at the Closing Date are as follows:


No. of Rights Shares
% of total issue size
Total valid acceptances
77,664,374
98.68%
Total valid excess applications
29,687,106
37.72%
Total valid acceptances and excess applications
107,351,480
136.40%
Total Rights Shares available for subscription
78,700,515
100.00
Total over subscribed Rights Shares
28,650,965
36.40%
As the acceptances and excess applications received exceeded the issue size of 78,700,515 Rights Shares, the issue size of the Rights Issue with Warrants shall be based on the issue size of 78,700,515 Rights Shares and 78,700,515 Warrants.
The Rights Shares and Warrants are expected to be listed on the Main Market of Bursa Securities on 26 February 2015.
This announcement is dated 16 February 2015.

masterpeace, why you so pessimistic on Eco World?

It is not only Hevea up so much, Latitud also up a lot today. PoHuat and Homeriz also up today. Furniture stocks up because of the future is good due to the depreciation of RM.

Close 2.80 today?

EW Berhad had, on 4 February 2015, entered into the subscription and shareholders’ agreement with UDA Holdings Berhad (“UDA”), the Employees Provident Fund Board (“EPF”) and BBCC Development Sdn Bhd (“BBCC Development”), whereby EW Berhad, UDA, and EPF agree to invest and fund BBCC Development as the vehicle to undertake the joint development of the land into a mixed residential and commercial development comprising, amongst others, a retail mall, an entertainment block, strata offices, office towers, a hotel and serviced residences, to be known as “Bukit Bintang City Centre” (“BBCC”).

We are pleased to announce that BBCC Development has today signed a Memorandum of Understanding (“MOU”) with Zepp Hall Network Inc. (“Zepp”), a subsidiary of Sony Music Entertainment (Japan) Inc. to explore opportunities for Zepp to participate in the entertainment component of the BBCC. This follows the earlier MOU signed between BBCC Development and Mitsui Fudosan (Asia) Pte Ltd, a wholly-owned subsidiary of Japan’s largest real estate conglomerate, Mitsui Fudosan Co Ltd, to look into possible avenues of collaboration with the aim of making BBCC a world-class shopping and entertainment destination.

It will shoot to RM3 soon. By this month? Haha.

Buy on weakness. With the coming projects this year like Bukit Bintang City Centre, Eco Sanctuary,Eco Terraces, Eco Business Park, Eco Tropics and oversea project Ballymore in London and Australia, I believe Eco World will shoot to RM3 above by this year. Also, they are the only bidder for Batu Kawan Golf Course land. Once they get it, they are the biggest land owner in Batu Kawan. Right issue will be completed by end of March or early of April 2015.

Let it drop. Let it drop. I will accumulate more at 2.20, 2.10 and 2.00.

http://klse.i3investor.com/blogs/starstockmalaysia/70014.jsp
Maybe this article will give more details on Eco World.
Happy investing.

Eco World sales target for 2015 and 2016 is 3 billion and 4 billion.
Initially they set sales target for 2014 is 2 billion, but they had already hit 3.18 billion. I think they can easily hit 4 billion sales this year with more project launching this year.
With 3.18 billion sales last year, let say 35% from it converted to actual sales for this year = 1.113 billion. Let say 15% profit margin = 0.167 billion or 167 million.
With 506.6 million shares, earning per share is 0.33 cents, PE (based on current price 2.3) is 6.97. Of course, it is my estimation, not actual figure. But don't forget the coming sales for 2015 and 2016. I think the management team of Eco World can deliver a good sales for 2015 and 2016.

http://ecoworldgroup.com.my/wp-content/themes/mf/ecoworldgroup/downloads/corporate-presentations.pdf

No. The rights will be in your account on 26th Feb 2015.

Eazy Win, 230

ex-date 16/2/2015.

genesis81, I don't think they hate Tan Sri. They just don't know how Eco World works. They just judge a company from PE, not from company future.

Let it drop.let it drop.i would accumulate more

If drop more, I would accumulate more.

It might break 2.20 today.

Don't think 2.15 is a barrier if fund is buying.It will finish all.

If EPF is buying, it is a good news.

Today drop just because of the market sentiment is not good due to Greece election. People might afraid Europe market might drop.
Europe market drops initially and it rebounds to new high.
It seems that QE has more effect than the Greece election result.
Basically, Hevea fundamental is still strong, just some investors choose to take profit today.

buy on weakness

spy, no right or wrong.
we just share our opinion and information.
But definitely RM will be depreciated further towards USD this year.
We will see what is the impact then.

I won't be surprised if there is announcement for dividend in the coming quarter report as there is first and final dividend of 2 cents announced last year.

spy008, RM drop doesn't mean economic is not good. Similarly, RM hike also doesn't mean economic is good.
When USD is weak, does it mean Malaysia economic is good? When USD:RM = 1: 3.14 last year, do you think Malaysia economic is good?
The weakness of RM will encourage the export sector.

I think by hitting 2.50 in short term should not be a problem due to Euro QE and depreciation of RM. We should look at RM3.

slts, i don't understand why you say cash is king.
It is not only RM weakening, it is also other currencies weakening to USD.
Malaysia growth is still strong this year 4-5%, there is nothing wrong with the economic fundamental, it's just that low crude oil price due to low demand and high supply.
If RM is weaken, we have to invest in export oriented company, that is how you get profit from current situation.

slts, if Euro drops to get parity or below to USD within 12 months, don't you think RM will be weaken to 3.80 or more to 4?

slts, investment in a company is investing its future.
With the strong sales of smartphone especially Iphone 6 & 6 Plus in this year, coupling with strong USD (from RM3.40 (Dec) to RM3.60 currently, 5.88%), I would only see Inari growth can easily hit 20% this year.
Somemore, the expansion of production line will increase the sales. Also, RM will be depreciated further to RM3.70 to RM3.80. If Inari growth can hit 30% this year, I won't be surprised.
The right issues will dilute earning per share around 10%, but with the growth at least 20% this year, I think the latest EPS for the whole year can be around 30 cents.
To give PE 15, Inari will be worth RM4.50 end of this year.

slts u r back.
TP RM4 might be high but it is possible to hit.
Look at GTronic already hit RM5.
We will see after Q2 result. But look at MPI latest quarter, it beats expectation. It will be the same for Inari because Inari has expanded its production line since end of last year.

Short term TP 2.50-3.00

Buy on weakness

http://klse.i3investor.com/blogs/kianweiaritcles/68832.jsp
Good sharing from Tan KW.

Yes, the exercise is to convert to mother share.
Right share is mother share with discount price.

Yes, you can get the free warrant. RM2.00 is the exercise price, not the warrant price.

I think the adjusted price has been priced in the right issues and free warrants.

Good result. Dividend 5 cents.

the warrant will be double increased and the exercise price is reduced half.
Let say you have 10000 KSL warrant, after ex-date, you will have 20000 KSL warrant and the exercise price will be reduced to RM0.80.

alphajack, you are very confident on KSL. Btw, I am also confident with KSL.

i see. i think it will be approved in egm on 28th nov 2014. may be the coming quarter report, they will announce it for a start. yes, current price is an opportunity to accumulate more. buy low to earn more, especially the warrant. i believe the ksl price will be up above rm5 after the latest quarter report which will be out end of this month.

I thought the latest quarter report will be come out end of this month. When is the dividend declared? I didn't hear about it.

YiStock, how do you get 2.833?

YiStock, yes.

Farge168, we would see what is the price of Inari after 1 year from now.

YiStock, if i were not wrong, it should be 3 x 8/9 = 2.67

Well, with the demand rising, Inari current production is already on its limit. Therefore, it needs to expand to cover the demand. Do you think that the latest quarter report will not be good? If we want to earn from investment, we need to invest in undervalued company by the investor.

Well, I don't care about short term return. I would hold it for long term. Also, I don't think this syndicate will earn much if there is nobody to buy from them, in fact they lose much if they keep selling cheap share.

A so called fortune teller

Whatever it is, it still comes back to the fundamental. Let us see the latest report which will come out next week or end of this month. It should be excellent. Avago share price hits to USD87. Soon it will hit USD90 new high. There is no reason Inari won't follow. In the end, it will up to new high.

The EGM will be held on 28th Nov to pass all the proposed resolutions including the bonus issue. The bonus issue should be come after the EGM, around Dec 2014.