RightIssue

[XINQUAN] Rights Issue on 04-Mar-2016

Announcement Date: 23-Feb-2016
Related Stock:
XINQUAN
XINGQUAN INT SPORTS HLDG LTD
Share Registrar:
XINQUAN
XINGQUAN INT SPORTS HLDG LTD
FY: 30-Jun-2016
Amount

1 : 2

  • Ex Date
    04-Mar-2016
  • Entitlement Date
    08-Mar-2016
Description
Renounceable rights issue of up to 253,547,250 new ordinary shares of US$0.01 each in Xingquan (Xingquan Share(s)) (Rights Share(s)) at an issue price of RM0.30 per Rights Share on the basis of one (1) Rights Share for every two (2) Xingquan Shares held, together with up to 84,515,750 free detachable new warrants (Warrant(s) B), on the basis of one (1) Warrant B for every three (3) Rights Shares subscribed as at 5.00 p.m. on 8 March 2016

About XINGQUAN INT SPORTS HLDG LTD
Xingquan International Sports Holdings Ltd is an investment holding company. The group is principally engaged in the manufacturing and sales of shoe soles, shoes, apparels and accessories. Its business segments are Design, manufacturing, and sales of shoe soles, Design, manufacturing, and sales of leisure footwear and Design and sale of apparels and accessories. The business of the company is engaged entirely in the People's Republic of China. The group generates the majority of its revenue from the sale of shoe soles.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:

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