RightIssue

[MUDAJYA] Rights Issue on 05-Jul-2024

Announcement Date: 24-Jun-2024
Related Stock:
MUDAJYA
MUDAJAYA GROUP BHD
Share Registrar:
MUDAJYA
MUDAJAYA GROUP BHD
Amount

1.0000 : 4.0000

  • Ex Date
    05-Jul-2024
  • Entitlement Date
    09-Jul-2024
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 531,480,223 NEW ORDINARY SHARES IN MUDAJAYA GROUP BERHAD ("MUDAJAYA") ("MUDAJAYA SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.17 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 4 EXISTING SHARES HELD, TOGETHER WITH UP TO 531,480,223 FREE DETACHABLE WARRANTS IN MUDAJAYA ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AS AT 5.00 P.M. ON TUESDAY, 9 JULY 2024 ("RIGHTS ISSUE WITH WARRANTS")

About MUDAJAYA GROUP BHD
Mudajaya Group Bhd is a Malaysia based company. Along with its subsidiaries, the firm operates in four reportable segments including Construction contracts, Property, Power, and Trading, and manufacturing. Construction contracts segment is engaged in undertaking engineering, constructions works and equipment procurement. Property segment develops residential and commercial properties. Power segment is engaged in the sale of power energy. And Trading and manufacturing segment is engaged in sales and manufacturing of construction-related products. It operates in Malaysia, Indonesia, India, Republic of Mauritius and Negara Brunei Darussalam. The company generates the majority of the revenue from Construction contracts segment.

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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