oversubscribed, strong confidence in permaju. able to carry out all projects as per fundraising now :)
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") RIGHTS ISSUE OF ICPS WITH WARRANTS
PERMAJU INDUSTRIES BERHAD TypeAnnouncementSubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISINGDescriptionPERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") RIGHTS ISSUE OF ICPS WITH WARRANTS
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus dated 14 July 2020 in relation to the Rights Issue of ICPS with Warrants.)
We refer to the Abridged Prospectus dated 14 July 2020.
On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights ICPS with Warrants at 5.00 p.m. on 10 August 2020 (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 1,134,129,534 Rights ICPS, representing an over-subscription of 21.13% of the total number of Rights ICPS available for subscription under the Rights Issue of ICPS with Warrants.
Details of such valid acceptances and excess applications received are as follows:-
No. of Rights ICPS% of total issueTotal valid acceptances722,547,92577.17Total valid excess applications411,581,60943.96Total valid acceptances and excess applications1,134,129,534121.13Total Rights ICPS available for subsciption936,309,855100.00Over-subsciption197,819,67921.13
Successful applicants of the Rights ICPS will be given Warrants on the basis of 1 Warrant for every 10 Rights ICPS successfully subscribed for. The Rights ICPS not validly taken up by Entitled Shareholders and/or their renouncee(s) and/or transferee(s) (if applicable) prior to the Closing Date (“Excess Rights ICPS with Warrants”) will be allotted in the following priority:-
(i) firstly, to minimise the incidence of odd lots of ICPS;
(ii) secondly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights ICPS with Warrants, taking into consideration their respective shareholdings in the Company as at the Entitlement Date;
(iii) thirdly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights ICPS with Warrants, taking into consideration the quantum of their respective Excess Rights ICPS with Warrants Applications; and
(iv) finally, on a pro-rata basis and in board lots, to the transferee(s) and/or renouncee(s) who have applied for Excess Rights ICPS with Warrants, taking into consideration the quantum of their respective Excess Rights ICPS with Warrants Applications.
The Excess Rights ICPS with Warrants will firstly be allocated to minimise the odd lots of ICPS (if any) held by each applicant of Excess Rights ICPS with Warrants. Thereafter, the allocation process will perform items (ii), (iii) and (iv) in succession. Any remaining balance of Excess Rights ICPS with Warrants will be allocated by performing the same sequence of allocation i.e. items (ii), (iii) and (iv) again in succession until all Excess Rights ICPS with Warrants are allotted.
Notwithstanding the foregoing, the Board reserves the right to allot any Excess Rights ICPS with Warrants applied for under Part I(B) of the RSF in such manner as it deems fit and expedient and in the best interests of the Company subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in (i), (ii), (iii) and (iv) above is achieved. The Board also reserves the right at its absolute discretion not to accept any application for Excess Rights ICPS with Warrants, in full or in part, without assigning any reason thereof.
The Right ICPS and Warrants are expected to be listed on the Main Market of Bursa Securities on 21 August 2020.
This announcement is dated 13 August 2020.
Announcement Info
Company NamePERMAJU INDUSTRIES BERHADStock NamePERMAJUDate Announced13 Aug 2020CategoryGeneral Announcement for PLCReference NumberGA1-13082020-00047
Traders will return to this stock again when the sanitizer or PPE biz is published, etc again, my opinion only :)
Permaju Industries enters deal to make HK firm’s sanitiser for SEA market Justin Lim
theedgemarkets.com
April 06, 2020 20:44 pm +08
KUALA LUMPUR (April 6): Permaju Industries Bhd is looking into bottling and distributing a Hong Kong firm’s sanitiser product for the Southeast Asian market.
The product is one of the very few solutions in the world that have successfully been tested to work against the Covid-19 virus, Permaju said in a filing with Bursa Malaysia today.
The group said its wholly-owned subsidiary Team Japs Sdn Bhd has entered into a collaboration agreement with Pentaweft Biotech Ltd to study the feasibility of making and distributing the “Penaclo solution” in Southeast Asian countries.
The countries are Malaysia, Indonesia, Singapore, Vietnam, Thailand and the Philippines.
The first batch of the Penaclo solution will be aimed at the personal precautionary market. The parties will then develop other Penaclo solutions aimed at sanitising high-risk areas such as hospitals, offices, restaurants, schools and public transport.
“With over one million people now infected with the global pandemic, and the rest of the world panicking, the quick roll-out of this solution is key to alleviating and containing the further spread of the virus,” Permaju said in a separate statement.
Pentaweft Biotech is the sales and manufacturing arm of the Pentaweft group of companies that is engaged in the biotechnology industry and focuses on the development and commercialisation of various medical products and medicines.
Pentaweft said the Penaclo solution is in the process of patenting in China and other countries. It claimed that the solution has been tested by a leading key respiratory disease research institute in China and found to be effective in eradicating over 99.95% of the Covid-19 virus within the first 30 seconds of application.
It added that the Penaclo solution is shown to have a low toxicity rate and is safe for use on Vero E6 cells.
"We are planning to launch a series of Penaclo sanitiser products for personal and institutional applications," Pentaweft said.
Permaju Industries’ share price closed three sen or 3.64% lower at 79.5 sen, valuing the group at RM148.87 million.
Further news on such biz will boost the share price, i believe :)
Permaju said that AFLM’s products are based on technology developed by the North America Space Agency (NASA), which was used to aid in keeping astronauts healthy on space missions.
The MoU is intended for both parties to work towards the appointment of Cergaz Autohaus as a non-exclusive sub-distributor to sell and market AFLM’s products to its customers in the automotive sector, Permaju said.
Cergaz Autohaus is currently an authorised dealer for Volkswagen cars.
“The entire world is fighting with the Covid-19 pandemic and the demand of Air For Life equipment is increasing exponentially.
“The main objective of signing this MoU is to introduce Air For Life products that help to make our environment safer after the Covid-19 pandemic and increased revenue in our group’s automotive division and corporate customers,” said Permaju executive director Yvonne Chai.
The MoU will be valid for a period of three months, Permaju said.
Permaju’s share price fell four sen or 5.8% to 65 sen, giving the group a market capitalisation of RM127.36 million.
I think, this JV if Jadi/confirmed, permaju share price will fly again, fingers crossed :)
Permaju Industries Bhd (Permaju) and Anzo Holdings Bhd (Anzo) will jointly expand a glove manufacturing plant in Manjung Perak, which could cost about RM25 million.
The amount is also to refurbish the factory’s existing 9 production lines and to add 4 or 6 new lines to meet the increasing orders coming in from the United States and Europe.
People who are aware about this said that, Permaju and its consultants have done a feasibility study on the Manjung factory to determine the fastest way to get the factory to produce over 3 billion pieces of medical or nitrile gloves per annum.
Anzo is paying RM55 million to acquire a company called Wintrade World Sdn Bhd which owns the land, factory, machinery and equipment.
The assets are ready to be mobilised and commissioned to produce 1.2 billion pieces of medical and nitrile gloves a year but Anzo needs more than 3 billion pieces a year to meet the existing orders from the United States and Europe worth about US$200 million.
Looks like Permaju and Anzo have to speed up refurbishing and expanding the factory as the outbreak of the disease is getting worse and there is currently a shortage in the supply of medical or nitrile gloves worldwide.
It seems to me Anzo is moving ahead with its expansion, both in copper and glove manufacturing despite CSTME Resource Sdn Bhd’s exit from the company on July 8
CSTME emerged as Anzo’s largest shareholder on June 23 with an indirect 11.62% stake. The stock closed 13 sen on the day this was announced to Bursa Malaysia.
On July 8, CSTME disposed of its shares in Anzo via the open market. CSTME sold a total of about 115 million shares at 23 sen worth about RM25 million. It sold the shares at 81 per cent higher than its buying price.
Even though CSTME sold its shares in Anzo, the stock traded actively. It closed 20 sen on July 10 and the average daily volume exceeded more than 100 million for 8 days.
Despite CSTME’s exit from Anzo, their copper deal is still moving ahead and it is business as usual for both the companies.
Last month Anzo secured a RM1.3 billion contract to supply copper scrap over 40 months to a steelmaker in South Korea effective from July 1.
Anzo and its subsidiaries entered into a supply agreement with CSTME, which holds an AP licence to export the goods. CSTME agreed to buy birch/cliff copper scrap or berry/candy copper scrap from Anzo and export the products to the steelmaker in South Korea.
Anzo is expected to supply 60,000 tonnes of copper scrap to CSTME at RM23,000 per tonne over 40 months. CSTME has been supplying the copper to South Korea effective July 1. As of July 11, it has supplied up to 600 tonnes worth almost RM14 million.
With this copper deal and the orders it is getting for medical gloves, Anzo is set to post more than RM200 million in net profit in its next financial year ending July 31, 2021 and onward.
This is quite possible given the high trading price for gloves, which is at US$75 per box of 1,000 pieces. It was also reported that copper prices will stabilize in the coming quarters despite a recent surge in the red metal’s value.
sohailah never bullish because the company director also bodoh no buy back resistance just throw from 0.8 till 0.2 . Who dare to invest anymore? Throw to deep sea
Foreign funds had caused the share price to drop to current low level probably. Now, sudah berhenti/ceasing, bukan? :) Macam Urusharta dumped shares, price pasti menurun, sudah habis, back to normal hopefully. Directors takda jual :)
CREDIT SUISSE AG 24-Jun-2020 Notice of Person Ceasing 4,888,200 0.000 View Detail CREDIT SUISSE GROUP AG 24-Jun-2020 Notice of Person Ceasing 4,888,200 0.000 View Detail CREDIT SUISSE AG 23-Jun-2020 Notice of Interest 10,138,200 0.000 View Detail CREDIT SUISSE GROUP AG 23-Jun-2020 Notice of Interest 10,138,200 0.000 View Detail CREDIT SUISSE AG 22-Jun-2020 Notice of Person Ceasing 5,601,200 0.000 View Detail CREDIT SUISSE GROUP AG 22-Jun-2020 Notice of Person Ceasing 5,601,200 0.000 View Detail CREDIT SUISSE AG 19-Jun-2020 Acquired 5,250,000 0.000 View Detail CREDIT SUISSE GROUP AG 19-Jun-2020 Acquired 5,250,000 0.000 View Detail CREDIT SUISSE AG 18-Jun-2020 Notice of Interest 2,785,400 0.000 View Detail CREDIT SUISSE GROUP AG 18-Jun-2020 Notice of Interest 2,785,400 0.000 View Detail CREDIT SUISSE AG 28-Apr-2020 Notice of Person Ceasing 2,657,300 0.000 View Detail CREDIT SUISSE AG, DUBLIN BRANCH 28-Apr-2020 Notice of Person Ceasing 2,657,300 0.000 View Detail CREDIT SUISSE GROUP AG 28-Apr-2020 Notice of Person Ceasing 2,657,300 0.000 View Detail CREDIT SUISSE AG 27-Apr-2020 Disposed 386,500 0.000 View Detail CREDIT SUISSE AG, DUBLIN BRANCH 27-Apr-2020 Disposed 386,500 0.000 View Detail CREDIT SUISSE GROUP AG 27-Apr-2020 Disposed 386,500 0.000 View Detail CREDIT SUISSE AG 24-Apr-2020 Disposed 1,851,000 0.000 View Detail CREDIT SUISSE AG, DUBLIN BRANCH 24-Apr-2020 Disposed 1,851,000 0.000 View Detail CREDIT SUISSE GROUP AG 24-Apr-2020 Disposed 1,851,000 0.000 View Detail CREDIT SUISSE AG 26-Mar-2020 Acquired 1,500,000 0.000 View Detail CREDIT SUISSE AG, DUBLIN BRANCH 26-Mar-2020 Acquired 1,500,000 0.000 View Detail CREDIT SUISSE GROUP AG 26-Mar-2020 Acquired 1,500,000 0.000 View Detail CREDIT SUISSE AG 18-Mar-2020 Disposed 250,000 0.000 View Detail CREDIT SUISSE GROUP AG 18-Mar-2020 Disposed 250,000 0.000 View Detail CREDIT SUISSE AG 17-Mar-2020 Disposed 277,000 0.000 View Detail
hope more updates to come. Permaju: After sanitiser and purifier, Permaju now dips its toes into glove business . After announcing plans to venture into bottling and distributing of sanitiser products, as well as selling air purification products amid the Covid-19 pandemic, Permaju Industries is now eyeing the rubber gloves business. Permaju, said that it has incorporated a company named Permaju Glove SB (PGSB). (The Edge)
steady now, funds Dah dapat regardless of Q2 results, projek lama Yang Dah dirancang dulu Dan kini boleh dilaksanakan. Dah selesai fundraising beberapa minggu Yang lepas :)
MULTIPLE PROPOSALS PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS (II) PROPOSED SETTLEMENT (III) PROPOSED CONSTITUTION AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
PERMAJU INDUSTRIES BERHAD TypeAnnouncementSubjectMULTIPLE PROPOSALS DescriptionPERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE OF ICPS WITH WARRANTS (II) PROPOSED SETTLEMENT (III) PROPOSED CONSTITUTION AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 16 April 2018 in relation to the Proposals.)
We refer to the earlier announcements in relation to the Proposals dated 16 April 2018, 20 April 2018 and 30 April 2018.
On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 15 May 2018, approved the following:-
(i) admission of up to 1,381,288,215 ICPS and up to 93,630,985 Warrants to the Official List; and
(ii) listing and quotation of:-
(a) up to 936,309,855 Rights ICPS and up to 93,630,985 Warrants to be issued pursuant to the Proposed Rights Issue of ICPS with Warrants;
(b) 444,978,360 Settlement ICPS to be issued pursuant to the Proposed Settlement;
(c) up to 1,381,288,215 new Shares to be issued arising from the full conversion of the ICPS; and
(d) up to 93,630,985 new Shares to be issued pursuant to the exercise of the Warrants,
on the Main Market of Bursa Securities.
The approval by Bursa Securities for the Proposed Rights Issue of ICPS with Warrants and the Proposed Settlement is subject to the following conditions:-
(i) Permaju and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Rights Issue of ICPS with Warrants and Proposed Settlement;
(ii) Permaju and Mercury Securities to inform Bursa Securities upon the completion of the Proposals;
(iii) Permaju to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed.
(iv) Permaju to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of ICPS and exercise of the Warrants respectively as at the end of each quarter together with a detailed computations of listing fees payable.
This announcement is dated 15 May 2018.
Announcement Info
Company NamePERMAJU INDUSTRIES BERHADStock NamePERMAJUDate Announced15 May 2018CategoryGeneral Announcement for PLCReference NumberGA1-15052018-00103
the fundraising exercise was successful. this project will start soon :)
Permaju Industries, OCR to develop RM1bil project in Kota Kinabalu
by yspek | Mar 25, 2019 | Archive | 0 comments

KUALA LUMPUR: Permaju Industries Bhd has teamed up with OCR Group Bhd to jointly develop a RM1bil project in Kota Kinabalu, Sabah.
In a statement Monday, Permaju Industries said its 70%-owned subsidiary Hardie Development Sdn Bhd (HDSB) has inked a memorandum of understanding (MoU) with OCR’s wholly-owned unit O
credit Suisse has ceased to be a substantial shareholder. successful fundraising exercise would enable planned and new projects to start. probably share price will recover in stages from now :)
fundraising dapat tahun ini Dan bukannya 2018, better late than never.
The total funding requirement for the Mydin project is estimated to be RM233.6 million, and save for the portion to be funded via the rights issue, Permaju plans to raise the rest via bank borrowings and/or internal funds — which will be generated via the sale of completed residential units near the Mydin hypermarket, within its Kampong Dambai mixed development project.
The hypermarket will cover a land area of 44,177 sq m, and construction works for is expected to commence in the third quarter of 2018 and take about two-and-a-half years to complete.
Permaju Bags RM1.2bil Contract For Selangor Housing Project
Pavither • July 17, 2020

Permaju Industries Bhd is said to have clinched a RM1.2 billion construction contract for the development of over 7,000 apartment units in Selangor.
Citing construction industry sources, the New Straits Times (NST) reported that the contract was awarded by a reputable property developer who owns a large tract of land within the Seri Kembangan/Serdang area, around 15km of Cyberjaya and south of Kuala Lumpur city centre.
The highest building within the development will have more than 50 floors, potentially making it the tallest building in the Seri Kembangan/Serdang area.
Find a place to call home in Seri Kembangan by browsing through these project reviews!
To be built in the next six to seven years, the project is believed to have a gross development value of around RM2.4 billion, reported NST.
“The developer decided to kick-start construction after the Penjana plan was announced as they are now more confident in the market recovering. They received approval to develop the project last year but had put it on hold and feel now is a good time to re-start,” NST quoted the source as saying.
In June, Prime Minister Tan Sri Muhyiddin Yassin unveiled the RM35 billion National Economic Recovery Plan (Penjana) in a bid to revive the economy.
To encourage growth within the property sector, the Home Ownership Campaign (HOC) was reintroduced, in which stamp duty exemptions were offered on the instrument of transfer as well as loan agreement for the purchase of homes priced from RM300,000 to RM2.5 million.
Limited to the first RM1 million of the property’s purchase price, the exemption is applicable between 1 June 2020 and 31 May 2021.
The government also offered an exemption on real property gains tax (RPGT) to Malaysians for the disposal of up to three properties from 1 June 2020 to 31 December 2021.
Permaju, via its subsidiary companies, is involved in timber plantation, trading of motor vehicles, construction, and property development.
The company, through Hardie Development Sdn Bhd, developed a mixed housing estate in Kota Kinabalu, Sabah – known as Alam Puteri.
jualan foreign funds Dah ceased. return to normalcy? :)
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7080 PERMAJU PERMAJU INDUSTRIES BHDNotice of Person Ceasing (Section 139 of CA 2016)Particulars of ShareholderName:CREDIT SUISSE AGNRIC/Passport No./Company No.:CH-020.3.923.549-1Nationality/Country of Incorporation:SwitzerlandAddress:Paradeplatz 8, Zurich, 8001, Switzerland SwitzerlandDescriptions (Class and Nominal Value):Ordinary SharesName and Address of Registered Holder:Credit Suisse AG, Dublin BranchHSBC NOMINEES (ASING) SDN BHDEXEMPT AN FOR CREDIT SUISSE AG (DUB CLT N-TREAT)/No. 2. Leboh Ampang50100 Kuala LumpurCredit Suisse (Hong Kong) LimitedHSBC NOMINEES (ASING) SDN BHDEXEMPT AN FOR CREDIT SUISSE HONG KONG LIMITED (FIRM)No. 2. Leboh Ampang50100 Kuala Lumpur Details of ChangesDate of Notice:26/06/2020Transactions:No.DateTransaction TypeNo of SharesPrice (RM)1.24/06/2020Disposed4,888,200-Circumstances by reason of which change has occurred:1. Disposal of 2,102,800 shares on 24 June 2020 held by Credit Suisse AG.2. Disposal of 2,785,400 shares on 24 June 2020 held by Credit Suisse (Hong Kong) Limited. Nature of Interest:Direct and Indirect InterestConsideration:
Remarks:You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By: 26/06/2020 07:00 AM
Trading ideas: Top Glove, Paramount, Ancom, Ni Hsin, Permaju Industries ...

17 Jul 2020 · Permaju Industries clarified that its plan to venture into glove manufacturing jointly with Anzo, is still at the discussion stage. In a filing with ...
convert PA to mother share? if you were the initial Shareholders, your cost was 5sen X 5= 25sen but the share has fallen a lot. should wait, personal opinion only
not the right time to sell after the successful fundraising plus near 52-week low now. enough funds to carry out all planned projects now whether q2 rugi or not. why must we sell ?
This is very tricky and need highly skills to trade. If tommorow can sustain the price above 30sen. Then next resistance will be 34sen and 37sen subsequesntly
@nklye i subscribed to icps based on your cost price return analysis and true to your words, now i'm aldy making profit hhahaha... thank you very much sir
Hi, pa conversion price is 20 cents whereby warrant need 25sen to convert mother right? If pa cheaper, Why warrant up 3.5sen but pa only up 1 sen, any reason?
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oversubscribed, strong confidence in permaju. able to carry out all projects as per fundraising now :)
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") RIGHTS ISSUE OF ICPS WITH WARRANTS
PERMAJU INDUSTRIES BERHAD
TypeAnnouncementSubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISINGDescriptionPERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") RIGHTS ISSUE OF ICPS WITH WARRANTS
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus dated 14 July 2020 in relation to the Rights Issue of ICPS with Warrants.)
We refer to the Abridged Prospectus dated 14 July 2020.
On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights ICPS with Warrants at 5.00 p.m. on 10 August 2020 (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 1,134,129,534 Rights ICPS, representing an over-subscription of 21.13% of the total number of Rights ICPS available for subscription under the Rights Issue of ICPS with Warrants.
Details of such valid acceptances and excess applications received are as follows:-
No. of Rights ICPS% of total issueTotal valid acceptances722,547,92577.17Total valid excess applications411,581,60943.96Total valid acceptances and excess applications1,134,129,534121.13Total Rights ICPS available for subsciption936,309,855100.00Over-subsciption197,819,67921.13
Successful applicants of the Rights ICPS will be given Warrants on the basis of 1 Warrant for every 10 Rights ICPS successfully subscribed for. The Rights ICPS not validly taken up by Entitled Shareholders and/or their renouncee(s) and/or transferee(s) (if applicable) prior to the Closing Date (“Excess Rights ICPS with Warrants”) will be allotted in the following priority:-
(i) firstly, to minimise the incidence of odd lots of ICPS;
(ii) secondly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights ICPS with Warrants, taking into consideration their respective shareholdings in the Company as at the Entitlement Date;
(iii) thirdly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights ICPS with Warrants, taking into consideration the quantum of their respective Excess Rights ICPS with Warrants Applications; and
(iv) finally, on a pro-rata basis and in board lots, to the transferee(s) and/or renouncee(s) who have applied for Excess Rights ICPS with Warrants, taking into consideration the quantum of their respective Excess Rights ICPS with Warrants Applications.
The Excess Rights ICPS with Warrants will firstly be allocated to minimise the odd lots of ICPS (if any) held by each applicant of Excess Rights ICPS with Warrants. Thereafter, the allocation process will perform items (ii), (iii) and (iv) in succession. Any remaining balance of Excess Rights ICPS with Warrants will be allocated by performing the same sequence of allocation i.e. items (ii), (iii) and (iv) again in succession until all Excess Rights ICPS with Warrants are allotted.
Notwithstanding the foregoing, the Board reserves the right to allot any Excess Rights ICPS with Warrants applied for under Part I(B) of the RSF in such manner as it deems fit and expedient and in the best interests of the Company subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in (i), (ii), (iii) and (iv) above is achieved. The Board also reserves the right at its absolute discretion not to accept any application for Excess Rights ICPS with Warrants, in full or in part, without assigning any reason thereof.
The Right ICPS and Warrants are expected to be listed on the Main Market of Bursa Securities on 21 August 2020.
This announcement is dated 13 August 2020.
Announcement Info
Company NamePERMAJU INDUSTRIES BERHADStock NamePERMAJUDate Announced13 Aug 2020CategoryGeneral Announcement for PLCReference NumberGA1-13082020-00047