Description:
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
15/2/18 closing price Rm1.95
2) Ex all price is ( 1.95 x 10 + 1.7 x1.5 +1.30 ) /13 =1.796...
Therefore today reference price is 1.79.
3) HSSEB OR listing date : 22/2/18
4) form: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5696869
5) HSSEB-OR (0185OR) begins to trade on 22 February .
Reference price is (1.82-1.30)+(1.82/2)+(1.82-1.70)x1.5=0.52+0.91+0.18=1.61
CREDIT TO SIFUTEW
