Tuesday, May 10, 2016

Prlexus -8966 - 附加股发售/ Right issue: (english and chinese version)



Prlexus -8966

Prlexus 8966 closed at  RM1.55.
The reference  price of Prlexus-OR  for Monday trading is (1.55x2-1.0-1.20)=.90 or 90 sen



PrLexus RIGHT form: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097289



From today closing Rm2.04
 PRLEXUS 8966 reference price is (2.04x2+1+1.2)/4=1.57



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Link for right issue:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=all&sub_category=all&alphabetical=All&company=8966

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5087781




Right issue: (english and chinese version)
Prolexus rights share issue price fixed at RM1 apiece


http://www.stockhut.com.my/news/148386
http://www.stockhut.com.my/news/147259

Prolexus Bhd fixed the issue price of its rights shares at a steep discount, at RM1 each and exercise price of warrants at RM1.20 each.

In a filing to the Bursa Malaysia today, Prolexus announced that the board has resolved to fix the issue price of the rights shares at RM1 each, which represents a discount of RM0.59 or approximately 37.1% to the theoretical ex-rights price (TERP) of Prolexus shares of approximately RM1.59.

This was calculated based on the five-day volume weighted average market price (VWAMP) of Prolexus shares up to and including yesterday, being the last trading day immediately preceding the price-fixing date, of RM1.88.

The board has also resolved to fix the exercise price of the warrants at RM1.20 each, which represents a discount of RM0.45 or approximately 27.3% to the TERP of Prolexus shares of approximately RM1.65.

The exercise ratio is one warrant to one share.

The exercise price was calculated based on the five-day VWAMP of Prolexus shares up to and including yesterday, being the last trading day immediately preceding the price-fixing date, of RM1.88.

On Dec 11, 2015, Prolexus proposed renounceable rights issue of up to 62.53 million new ordinary shares of 50 sen each in Prolexus (rights shares) together with up to 62.53 million free detachable warrants on the basis of one rights share together with one warrant for every two existing ordinary shares of 50 sen each held by the entitled shareholders.

The exercise was to raise gross proceeds of between RM55.5 million and RM62.5 million for construction of a new garment factory and setting up of a new fabric mill.


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(吉隆坡2日讯)宝翔(PRLEXUS,8966,主板消费产品股)间接独资子公司,以278万7750美元(约1088万4770令吉)向越南龙江工业园发展有限公司租赁两块工业地,以设立制衣厂。

该公司向马交所报备,间接独资子公司Trans Pacific Texttile(VN)有限公司于上月29日,和越南龙江工业园发展有签署协议,向后者租赁两块面积6万1950平方尺的工业地。

该项协议将于签署当日即时生效,直到2057年11月26日届满,同时在获得监管单位允许下,双方可选择延长期限的选择权。

上述土地位于越南前江省工业区,租金为每平方公尺45美元(约175.70美元),因此总值为278万7750美元。

宝翔指出,该片土地占有地理优势,加上在越南兴建制造厂房,符合公司拓展计划,以迎合客户日益增加的需求。

附加股定价1元

再者,公司有望受惠于跨太平伙伴关系协定(TPPA)下的利益,尤其是纺织业,可享有免关税优惠。

宝翔将通过内部资金缴付资金,同时将分3期支付。

另一方面,宝翔宣布,将附加股发售价定在每股1令吉,而凭单行使价则是每张1.20令吉。

该公司早前建议以每2股配1附加股送1凭单,发出6253万1620股附加股和相同数额的凭单。

附加股的发售价,相等于是5日成交量加权平均市价(VWAMP)的59仙或37.1%折价。凭单的行使价,则相等于是5日成交量加权平均市价45仙或27.36%折价。