RightIssue

[TECHBASE] Rights Issue on 01-Mar-2024

Announcement Date: 16-Feb-2024
Related Stock:
TECHBASE
TECHBASE INDUSTRIES BERHAD
Share Registrar:
TECHBASE
TECHBASE INDUSTRIES BERHAD
Amount

5.0000 : 1.0000

  • Ex Date
    01-Mar-2024
  • Entitlement Date
    04-Mar-2024
Description
Renounceable rights issue of up to RM102,578,353 nominal value of 2,051,567,055 five (5)-year, 0.10%, irredeemable convertible unsecured loan stocks at 100.0% of its nominal value of RM0.05 each ("Rights ICULS") on the basis of five (5) Rights ICULS for every one (1) existing ordinary share of Techbase Industries Berhad (formerly known as Prolexus Berhad) held as at 5.00 p.m. on 4 March 2024 ("Rights Issue")

About TECHBASE INDUSTRIES BERHAD
Techbase Industries Berhad (Formerly known as Prolexus Bhd) is engaged in investment holding and the provision of management services. The company comprises the following main business segments, Apparels, which includes the manufacturing of apparels and provision of apparel manufacturing services; Advertising, which is engaged in the provision of advertising services on multimedia boards, and Others, which includes investment holding, property investment, provision of management services and provision of agency services. Its primary geographic markets are Malaysia, China, the United States of America, European countries, Vietnam and other countries. Geographically the company receives maximum revenue from the United States of America.

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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