YB VENTURES BERHAD - ICULS 2021/2026
KLSE (MYR): YB-LA (5048LA)
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Profile
YB VENTURES BERHAD - ICULS 2021/2026
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: INDUSTRIAL PRODUCTS & SERVICES INDUSTRIAL PRODUCTS & SERVICES
Subsector: BUILDING MATERIALS BUILDING MATERIALS
Description
YB Ventures Berhad, formerly Yi-Lai Berhad, is a Malaysia-based investment holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of ceramic and homogeneous tiles, and trading and distribution of tiles. The Company's subsidiaries include Yi-Lai Industry Berhad, Yi-Lai Marketing Sdn. Bhd. and Yi-Lai Trading Pte. Ltd. Its activities are principally located in Malaysia and Singapore.
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Description IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK ("ICULS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF RM48,361,671.80 NOMINAL VALUE OF FIVE (5)-YEAR, 0.10%, ICULS AT 100% OF ITS NOMINAL VALUE OF RM0.04 EACH ("RIGHTS ICULS") ON THE BASIS OF FIVE (5) RIGHTS ICULS FOR EVERY ONE (1) EXISTING ORDINARY SHARE IN YB VENTURES BERHAD ("YBVB") HELD AS AT 5.00 P.M. ON WEDNESDAY, 11 AUGUST 2021
Listing Date 10 Sep 2021
Issue Date 06 Sep 2021
Issue/ Ask Price Malaysian Ringgit (MYR) 0.0400
Issue Size in Currency Malaysian Ringgit (MYR) 48,361,671.8000
Maturity Mandatory
Maturity Date 05 Sep 2026
Coupon/Profit/Interest/Payment Rate 0.10% per annum
Coupon/Profit/Interest/Payment Frequency Annually
Exercise/Conversion Period 5.00 Year(s)
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.4800
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 12:1
Mode of satisfaction of Exercise/ Conversion price Tendering of securities and/or cash
2021-09-13 15:00
Remarks :
Based on the conversion price of RM0.48 ("Conversion Price"), the ICULS may be converted into new YBVB Shares in the following manner:-
(i) by surrendering nominal value of ICULS equivalent to the Conversion Price; or
(ii) by surrendering such number of ICULS together with cash such that in aggregate it amounts to the Conversion Price, subject to a minimum of one (1) ICULS and paying the difference between the aggregate value of the ICULS surrendered and the Conversion Price in cash for one (1) new YBVB Share.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
(i) 12LA
(ii) 1LA + 44sen
2021-09-13 15:01
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