RightIssue

[LFECORP] Rights Issue on 23-Mar-2021

Announcement Date: 10-Mar-2021
Related Stock:
LFECORP
LFE CORPORATION BHD
Share Registrar:
LFECORP
LFE CORPORATION BHD
Amount

2.0000 : 1.0000

  • Ex Date
    23-Mar-2021
  • Entitlement Date
    24-Mar-2021
Description
Renounceable rights issue of up to 490,567,490 new ordinary shares in LFE Corporation Berhad ("LFE or the "Company") ("LFE share(s)" or "Share(s)") ("Rights Share(s)") at an issue price of RM0.08 per Rights Share, on the basis of 2 Rights Shares for every 1 existing LFE Share held as at 5.00 p.m. on Wednesday, 24 March 2021 ("Rights Issue")

About LFE CORPORATION BHD
LFE Corp Bhd is Malaysia based company. The business segments of the company comprise Electrical and mechanical engineering, Construction procurement and Investment. Electrical and mechanical engineering segment consists of General and specialized electrical and mechanical engineering services and maintenances works. Construction procurement segment includes Design and build, civil and structural, equipment and construction activities. Investment segment consists of the Investment holding made by the company. The projects of the company cover commercial buildings, Airports, Infrastructure and Industrial Plants/Factories.

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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QQ12

The right issue is free?

2021-03-12 12:02

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