RightIssue

[SCNWOLF] Rights Issue on 07-Jul-2021

Announcement Date: 24-Jun-2021
Related Stock:
SCNWOLF
SCANWOLF CORPORATION BHD
Share Registrar:
SCNWOLF
SCANWOLF CORPORATION BHD
Amount

2.0000 : 2.0000

  • Ex Date
    07-Jul-2021
  • Entitlement Date
    08-Jul-2021
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO RM10,497,120 NOMINAL VALUE OF 5-YEAR 3% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("ICULS") ON THE BASIS OF 2 ICULS FOR EVERY 2 EXISTING ORDINARY SHARES IN SCANWOLF CORPORATION BERHAD ("SCANWOLF") HELD AS AT 5.00 P.M. ON 8 JULY 2021 TOGETHER WITH UP TO 52,485,600 FREE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 ICULS SUBSCRIBED ("RIGHTS ISSUE OF ICULS WITH WARRANTS")

About SCANWOLF CORPORATION BHD
Scanwolf Corp Bhd is engaged in the designing and manufacturing of plastic extrusions, PVC compounding, processing of PVC coils and trading of industrial consumables. Its activities also include property development and investment holding. The company earns most of the revenues from Manufacturing. Its architectural products include Trimmings Profile, Champer Edge Profile, Plastering Groove Line/V-slope Groove, Plastering Groove Line-Dripmould U-Groove, Transition Profile and Parking Guard/Post Protector.

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:

Discussions
Be the first to like this. Showing 1 of 1 comments

saamr95

when is SCNWOLF-LR going to be listed?

2021-06-28 16:32

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