HSS ENGINEERS BERHAD (“HEB” OR “COMPANY”) (I) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SMHB ENGINEERING SDN BHD (“SMHB ENGINEERING”) FOR A PURCHASE CONSIDERATION OF RM270,000,000 (“PURCHASE CONSIDERATION”) TO BE SATISFIED VIA THE ISSUANCE OF 94,736,842 NEW ORDINARY SHARES IN HEB (“HEB SHARES”) (“CONSIDERATION SHARES”) AT AN ISSUE PRICE OF RM1.14 PER HEB SHARE AND RM162,000,000 IN CASH (“PROPOSED ACQUISITION”); (II) PROPOSED PLACEMENT OF NEW HEB SHARES (“PLACEMENT SHARES”) TO INVESTORS TO BE IDENTIFIED TO RAISE GROSS PROCEEDS OF UP TO RM52,300,000 (“PROPOSED PLACEMENT”); AND (III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 31,908,101 NEW HEB SHARES (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TEN (10) HEB SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“ENTITLEMENT DATE”) TOGETHER WITH A BONUS ISSUE OF UP TO 15,954,050 NEW HEB SHARES (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED AND UP TO 47,862,151 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF THREE (3) WARRANTS FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED (“PROPOSED RIGHTS WITH BONUS ISSUE AND WARRANTS”)
NPAT expected to increase from 14mil to 38mil after acquiring SMHB. Accordingly, EPS expected to increase from 4.39c/share to 7.59c/share. Positive development.
i'm not a sifu but i will definitely subscribe it...let's say now u have 10000 shares and the right issue price is fixed at rm1.00, so by paying an extra rm1000, u will get 1000 right issue shares + 500 bonus shares + 1500 free warrants, which gives u a total of 11500 mother shares + 1500 warrants...
PheiBin..company will announce the right issue price later, then u will receive a letter from them..after that u can ask ur remisier to assist u in subscription
@kahlee88 of course u have a remisier. It is stated in ur Hlebroking trade acc under my account ->customer info. There is a remisier name under “service by” tab, together with contact and email.
Thank you Roy and The_Reds for telling me all these...haha
I thought if I place my order thru my remisier, there will be extra or higher brokerage fee or something.Now I know I can ask her to subscribe right issue for me,thanks
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
晓雨霖
1,680 posts
Posted by 晓雨霖 > 2017-10-24 15:20 | Report Abuse
1.100 will clear again