RightIssue

[ABLEGRP] Rights Issue on 22-Dec-2011

Announcement Date: 12-Dec-2011
Related Stock:
ABLEGRP
ABLEGROUP BERHAD
Share Registrar:
ABLEGRP
ABLEGROUP BERHAD
Amount

5 : 4

  • Ex Date
    22-Dec-2011
  • Entitlement Date
    27-Dec-2011
Description
Renounceable rights issue of up to 193,500,002 new ordinary shares of RM0.15 each in Gefung (“Rights Shares”) together with up to 38,700,000 free detachable new warrants (“Warrants”) on the basis of five (5) Rights Shares together with one (1) Warrant for every four (4) ordinary shares of RM0.15 each in Gefung (“Gefung Shares”) held as at 5.00 p.m. on 27 December 2011 (“Rights Issue”)

About ABLEGROUP BERHAD
AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. The Building material segment is involved in supply, delivery, and installation of stone and tiling works. The Investment holding segment is involved in investment holding. The Property development segment is involved in property development activity. Majority of its revenue comes from Building material 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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