Corporate Accounting

In: Business and Management

Submitted By SANGGETHA
Words 859
Pages 4
1.1. TYPE OF SECURITIES SOLD

* Offer For Sale
The Offer for Sale comprises of 14,660,000 Heng Huat Shares representing approximately 7.12% of the Group’s enlarged issued and paid-up share capital which will be offered by the Offeror to selected investors. * Public Issue
The Public Issue comprises of 46,500,000 Public Issue Shares at the IPO Price of RM 0.45 each which represents approximately 22.59% of the Group’s enlarged issued and paid-up share capital. In particular, the IPO of 46,500,000 Public Issue Shares comprises of: 1. Public Tranche : 7,000,000 Public Issue Shares will be made available for subscription by the Malaysian Public 2. Pink Form Tranche : 5,000,000 Public Issue Shares will be made available for subscription by eligible employees and persons who have contributed to the success of the Group 3. Placement Tranche : 12,200,000 Public Issue Shares have been reserved for placement to selected investors 4. MITI Tranche : 22,300,000 Public Issue Shares have been reserved for Bumiputera investors approved by the Ministry of International Trade and Industry (MITI)
The Public Issue Shares at an offer or IPO price of RM 0.45 per share is payable in full upon application. The table below illustrates the summary of the allocation of Public Issue Shares. No | Categories | Number Of Shares | Enlarged Share Capital Upon Listing (%) | 1 | Public Tranche | 7,000,000 | 3.40 | 2 | Pink Form Tranche | 5,000,000 | 2.43 | 3 | Placement Tranche | 12,200,000 | 5.93 | 4 | MITI Tranche | 22,300,000 | 10.83 | | Total | 46,500,000 | 22.59 |

Table 1 : Allocation Of Public Issue Shares

1.2. NUMBER OF SECURITIES SOLD

The Group allocates an aggregate of 61,160,000 Heng Huat Shares where the Offer for Sale comprises of 14,660,000 Heng Huat Shares and the Public Issue comprises of 46,500,000 Public Issue Shares.

1.3. PRICE…...

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