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Hap Seng Wa - crazy price

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Mother only RM 1.30

If you buying wa at 0.30 (+1.65 conversion price) means RM 1.95 in 5 years.


Market are crazzzzzzyyyyyyyyyyy

Submitting Merchant Bank
:
CIMB INVESTMENT BANK BERHAD  
Company Name
:
HAP SENG CONSOLIDATED BERHAD  
Stock Name
:
HAPSENG  
Date Announced
:
11/08/2011  

Instrument Type
:
Warrants
Description
:
Free detachable warrants (“Warrants”) issued pursuant to the renounceable rights issue of 364,392,900 new ordinary shares of RM1.00 each in Hap Seng Consolidated Berhad (“HSCB Shares”) (“Rights Shares”) together with 364,392,900 Warrants on the basis of one (1) Rights Share together with one (1) Warrant for every five (5) HSCB Shares held after the bonus issue of 1,214,643,000 new HSCB Shares (“Bonus Shares”) on the basis of two (2) Bonus Shares for every one (1) existing HSCB Share held as at 5.00 p.m. on 19 July 2011, at an issue price of RM1.05 per Rights Share (“Rights Issue with Warrants”)
Listing Date
:
15/08/2011
Issue Date
:
09/08/2011
Issue/ Ask Price
:
MYR 0.0000
Issue Size Indicator
:
Unit
Issue Size in Unit
:
364,392,900
Maturity Date
:
09/08/2016
Revised Maturity Date
:

Exercise/ Conversion Period
:
5.00 Year(s)
Revised Exercise/ Conversion Period
:
0.00
Exercise/Strike/Conversion Price
:
MYR 1.6500
Revised Exercise/Strike/Conversion Price
:
MYR 0.0000
Exercise/ Conversion Ratio
:
1 Warrant : 1 HSCB Share
Revised Exercise/ Conversion Ratio
:

Mode of satisfaction of Exercise/ Conversion price
:
Cash
Settlement Type/ Convertible into
:
Physical (Shares)

Remarks :
The Warrants are issued free pursuant to the Rights Issue on the basis of one (1) Warrant for every one (1) Rights Share subscribed.

Each Warrant entitles the holder to subscribe for one (1) new HSCB Share at the exercise price of RM1.65 at any time during the exercise period, subject to adjustments in accordance with the provisions of the deed poll constituting the Warrants. Warrants not exercised during the exercise period will thereafter lapse and cease to be valid.

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