News
Advance Synergy Berhad ("ASB" Or "Company") Renounceable Two (2)-Call Rights Issue Of RM177,341,650 Nominal Value Of 2% 10-Year Irredeemable Convertible Unsecured Loan Stocks ("ICULS") At 100% Of The Nominal Value Of RM0.15 Each (Or Equivalent Of 1,182,277,666 ICULS), With The First Cash Call Amount Of RM0.07 Per ICULS Payable Immediately Upon Acceptance/Application And The Second Non-Cash Call Amount Of RM0.08 Per ICULS Payable Out Of The Share Premium Account of ASB, On The Basis Of RM0.525 Nominal Value Of ICULS (Or Equivalent To 3.5 ICULS) For Every One (1) Ordinary Share Of RM1.00 Each Held In ASB- At 5.00 P.M. On 26 December 2007 ("RIghts Issue")
BackJan 21, 2008
| General Announcement |
| Reference No MM-080121-53148 |
| Submitting Merchant Bank |
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CIMB INVESTMENT BANK BERHAD |
| Company Name |
:
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ADVANCE SYNERGY BERHAD |
| Stock Name |
:
|
ASB |
| Date Announced |
:
|
21/01/2008 |
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| Type | : | Announcement |
| Subject | : | ADVANCE SYNERGY BERHAD ("ASB" OR "COMPANY") RENOUNCEABLE TWO (2)-CALL RIGHTS ISSUE OF RM177,341,650 NOMINAL VALUE OF 2% 10-YEAR IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("ICULS") AT 100% OF THE NOMINAL VALUE OF RM0.15 EACH (OR EQUIVALENT OF 1,182,277,666 ICULS), WITH THE FIRST CASH CALL AMOUNT OF RM0.07 PER ICULS PAYABLE IMMEDIATELY UPON ACCEPTANCE/APPLICATION AND THE SECOND NON-CASH CALL AMOUNT OF RM0.08 PER ICULS PAYABLE OUT OF THE SHARE PREMIUM ACCOUNT OF ASB, ON THE BASIS OF RM0.525 NOMINAL VALUE OF ICULS (OR EQUIVALENT TO 3.5 ICULS) FOR EVERY ONE (1) ORDINARY SHARE OF RM1.00 EACH HELD IN ASB AT 5.00 P.M. ON 26 DECEMBER 2007 ("RIGHTS ISSUE") |
Contents :
We refer to the announcements dated 20 February 2006, 22 June 2006, 19 September 2006, 22 February 2007, 5 April 2007, 18 April 2007, 29 June 2007, 30 August 2007, 5 December 2007 and 10 December 2007 in relation to the Rights Issue.
On behalf of ASB, CIMB Investment Bank Berhad wishes to announce that as at the close of acceptance/application and payment for the Rights Issue at 5.00 p.m. on 16 January 2008, the total acceptances and excess applications received for the Rights Issue was for RM228,728,963 nominal value of ICULS (or equivalent of 1,524,859,754 ICULS). This represents an over-subscription of 342,582,088 ICULS or 29.0% over the total number of 1,182,277,666 ICULS available for subscription under the Rights Issue.
Details of acceptances/applications and excess applications received as at the close of acceptance/application and payment for the Rights Issue at 5.00 p.m. on 16 January 2008 are set out in Table 1 below.
The Board of Directors of ASB ("Board") intends to allot the excess ICULS in the following order of priority:
(i) firstly, to minimise the incidence of odd lots; and
(ii) secondly, for allocation to applicants who apply for excess ICULS, on a pro-rata basis calculated based on their ICULS entitlements and/or the quantum of excess ICULS applied for, subject to the rounding and/or topping up of all odd lots to whole board lots at the discretion of the Board.
The Board reserves the right to allocate the excess applications for the Rights Issue as it deems fit, and will ensure such allocations will be done in a fair and equitable basis and in the best interest of the Company.
This announcement is dated 21 January 2008.
Attachments
- table_1.pdf (Size: 55,144 bytes)