Below is the news.
website of company: http://www.htgrp.com.my/
Info on company: http://quotes.wsj.com/MY/HIAPTEK
Hiaptek -LR listed today.
Below is its trading date and DUE date for acceptance: 13th June 2016
Hiaptek LR: NPA &RSF form here. print the last 3pages. prepare to buy 50sen (time lot u have) bank draft. send in to them before 13/6/2016 ;
LINK: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5105901
Steps to subscribe to Rights Shares:
1. Download the Rights Issue Form from Bursa Malasia website on ; OR
The physical form will be sent to your correspondence address by post starting from 20-Oct-20xx by the Share Registrar office.
2. Fill in the form, and send it back to the Share Registrar office together with the required payment latest before CLOSING date(acceptence date).
1. Download the Rights Issue Form from Bursa Malasia website on ; OR
The physical form will be sent to your correspondence address by post starting from 20-Oct-20xx by the Share Registrar office.
2. Fill in the form, and send it back to the Share Registrar office together with the required payment latest before CLOSING date(acceptence date).
Alternatively, if you decide not to subscribe to the Rights Shares, you can sell the Right (OR) starting.
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Tomorrow 25/5/2016 is ex date for the Hiaptek and Hiaptek reference price is (0.36x5+1)/11=.2545... means 25 sen,
If Friday closing is 25 sen, means the LR reference price is .25x3-.5=.25 ,means the reference price of LR is 25 sen.
Click to cenlarge the pick: Timeline (brief)
Ex-date: 25/5/2016
Early news:
Chinese news : 协德修订凭单红股计划: http://www.stockhut.com.my/news/92690
Chinese news: 送紅股派憑單 協德發行附加股: http://www.stockhut.com.my/news/41538
English news for referral:
Link: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5090549
Link: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5054101
Link:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=all&sub_category=all&alphabetical=All&company=5072
MULTIPLE PROPOSALS HIAP TECK VENTURE BERHAD ("HTVB" OR "COMPANY") (I) PROPOSED RIGHTS ISSUE; (II) PROPOSED BONUS ISSUE; (III) PROPOSED IASC; AND (IV) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| HIAP TECK VENTURE BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | HIAP TECK VENTURE BERHAD ("HTVB" OR "COMPANY")
(I) PROPOSED RIGHTS ISSUE;
(II) PROPOSED BONUS ISSUE;
(III) PROPOSED IASC; AND
(IV) PROPOSED AMENDMENTS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
|
=================================================================
Lastest announcement:
*** Edited into more easy reading for you:
(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO RM213,293,100.00 NOMINAL VALUE OF FIVE (5)-YEAR 5% REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES (RCUIDS) AT 100% OF ITS NOMINAL VALUE ON THE BASIS OF TWO (2) RM0.50 NOMINAL VALUE OF RCUIDS FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM0.50 EACH IN HIAP TECK VENTURE BERHAD (HTVB) (HTVB SHARES OR SHARES) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 426,586,200 FREE DETACHABLE WARRANTS (NEW WARRANTS) ON THE BASIS OF ONE (1) NEW WARRANT FOR EVERY ONE (1) RM0.50 NOMINAL VALUE OF RCUIDS SUBSCRIBED (PROPOSED RIGHTS ISSUE);
(II) PROPOSED BONUS ISSUE OF UP TO 853,172,400 NEW HTVB SHARES (BONUS SHARES) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY ONE (1) RM0.50 NOMINAL VALUE OF RCUIDS SUBSCRIBED BY THE ENTITLED SHAREHOLDERS OF HTVB AND/OR THEIR RENOUNCEE(S) PURSUANT TO THE PROPOSED RIGHTS ISSUE (PROPOSED BONUS ISSUE);
(III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF HTVB FROM RM1,000,000,000 COMPRISING 2,000,000,000 HTVB SHARES TO RM2,000,000,000 COMPRISING 4,000,000,000 HTVB SHARES (PROPOSED IASC); AND
(IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF HTVB (PROPOSED AMENDMENTS)
Some idea or sharing: Suggestion of Steps (adjust lot size to suit yourself) -sifuTCY
1. if u want to buy 80,000 share 50sen
2. now buy 100,000 share mother share that entitle you 40,000 share RCUIDS
3. then , sell all 100,000 share on the ex-date
4. Buy 40,000 share RCUIDS right (FORM) from open market.
5. hence total RCUIDS you have 40k plus 40k = 80k RCUIDS
6. 80,000 RCUIDS x 50sen - Rm40,000 needed
7. IF you have extra cash, u apply Excess.
Mother expectation now, date 25/4/16:
- Expect mother share 49/50, and max case 55/56 sen ,BEFORE ex-date
- Trade on OR and apply abit excess.
- pls take note that warrant is "OUT OF MONEY"
Calculation:
Mother 10 x 0.56 = 5.60
RCUIDS 4 x 0.50 = 2.00
Bonus 8
Total 22 Total 7.60
TERP: Rm7.60 / 22 = Rm0.345
Hence, sell your mother share if this few day has 49 to 56sen.
Then, on the RIGHT FORM(LR ) trading strategy (later few weeks):
- sifu expect LR will be around 30-40sen.
- sifu expect LR (the right form for RCUIDS) will dump to 30sen. ALL in at 30sen (he said)
- But trade carefully, buy into batches to average down.
Remark: you will need have cash for the RCUIDS subscription later if you buy the mother share now. If want to learn more, u can buy now some where 31-35sen , average buy.
RCUIDS
nothed that: RCUIDS carries 5% interest, ie Rm 25 per annum per 1000 units,
if it is listed at 25 sen each , the yield is 10% , lower price of RCUIDS carry higher interest yield
$$$ Sifu said:
1. if Hiaptex is ex at about 50 Sen,RCUIDS right (LR) is estimated to be around 35 to 40 per piece
2. If the day before ex date ,hiaptek closes at 50 Sen,the computation will be as follows:
(.50x5+1)/11=0.318, means the MOTHER share (ref) reference price will be 31.5 sen
3. Due to free warrants, the Hiaptek mother is very likely to fall below 30 Sen due to selling pressure of smart traders who are capitalizing the free warrants, by the time RCUIDS right is about to trade in few days later, Hiaptek mother shares are expected to be trading below 30 sen
4. So RCUIDS is expected to trade in the range of 35 to 40 Sen by then
5. The free warrants are likely to be out of money,because exercise price is 50 sen after ex all
6. And RCUIDS is expected trade a few cents ABOVE mother share because it carries 5% interest yearly.
7. RCUIDS is very likely to trade below 50 Sen, because the conversion is one to one mother share
Please take note, under existing Malaysian law, conversion price and exercise price can not fix below PAR value of mother share.
DISCLAIMER:
Do your own research and calculation, analyse it.
BUY SELL at own risk and we didnt not bear any losses from the investment.
