Renounceable rights issue of up to 31,908,101 new ordinary shares in HSS Engineers Berhad ("HEB") ("Rights Shares") on the basis of one (1) Rights Share for every ten (10) existing ordinary shares in HEB ("HEB Shares") held as at 5.00 p.m. on 21 February 2018 at an issue price of RM1.30 per Rights Share, 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.

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “Ex-Rights Issue” as from: 19 Feb 2018
2)    The last date of lodgment : 21 Feb 2018
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
       a)    Selling Broker to deduct<1/11>, of Selling Price against the Selling Client
       b)    Buying Broker to deduct <10%>, of Purchase Price against the Buying Client
       c)    Between Broker and Broker, the deduction of <1/11>, of the Transacted Price is applicable.

Remarks: The abridged prospectus together with the notice of provisional allotment and the rights subscription form for the Rights with Bonus Issue and Warrants (collectively, the "Documents") will only be despatched to the shareholders of HEB who have a registered address in Malaysia and whose names appear in the Records of Depositors at 5.00 p.m. on 21 February 2018 ("Entitled Shareholders"). Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Tricor Investor & Issuing House Services Sdn Bhd, being the Registrar for the Rights Issue of Shares, to effect the change of address by 21 February 2018. The Documents are not intended to be (and will not be) issued, circulated or distributed in any country or jurisdiction other than Malaysia and no action has been or will be taken to ensure that either the Rights Issue of Shares or the Documents comply with the laws related to public offerings of any country or jurisdiction where action for such purpose is required, other than the laws of Malaysia. 

Announcement Info