Proposed Renounceable rights issue of up to 233,249,942 New ordinary shares of RM0.50 each in salcon Berhad ("Salcon") ("Rights Shares") with Up to 116,624,971 Free Detachable Warrants ("Warrants"), on The Basis of two (2) rights shares with One (1) Warrant For Every Two (2) Existing Ordinary Shares of RM0.50 Each In Salcon ("Salcon Shares" Or "Shares") Held On A Date To Be Determined Later At An Indicative issue Price Of RM0.57 Per rights Share ("Proposed Rights Issue With Warrants")
BackJan 15, 2007
| General Announcement |
| Reference No MM-070115-66996 |
| Submitting Merchant Bank |
:
|
MIMB INVESTMENT BANK BERHAD |
| Company Name |
:
|
SALCON BERHAD |
| Stock Name |
:
|
SALCON |
| Date Announced |
:
|
15/01/2007 |
 |
|
|
| Type | : | Announcement |
| Subject | : | PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 233,249,942 NEW ORDINARY SHARES OF RM0.50 EACH IN SALCON BERHAD ("SALCON") ("RIGHTS SHARES") WITH UP TO 116,624,971 FREE DETACHABLE WARRANTS ("WARRANTS"), ON THE BASIS OF TWO (2) RIGHTS SHARES WITH ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN SALCON ("SALCON SHARES" OR "SHARES") HELD ON A DATE TO BE DETERMINED LATER AT AN INDICATIVE ISSUE PRICE OF RM0.57 PER RIGHTS SHARE ("PROPOSED RIGHTS ISSUE WITH WARRANTS") |
Contents :
MIMB Investment Bank Berhad (formerly known as Malaysian International Merchant Bankers Berhad) ("MIMB"), on behalf of the Board of Directors of Salcon, is pleased to announce that Salcon is proposing to undertake the abovementioned Proposed Rights Issue with Warrants.
Please refer to the attached document for the full text of the announcement pertaining to the abovementioned Proposed Rights Issue with Warrants.
This announcement is dated 15 January 2007.
Final - Proposed RI w warrants.DOC