Important Relevant Dates For Renounceable Rights

BackApr 06, 2007
Important Relevant Dates for Renounceable Rights
Reference No MM-070406-57812

Submitting Merchant Bank
:
 MIMB INVESTMENT BANK BERHAD 
Company Name
:
 SALCON BERHAD 
Stock Name
:
 SALCON
Date Announced
:
 06/04/2007

Title / Description
:
RENOUNCEABLE RIGHTS ISSUE OF UP TO 233,249,942 NEW ORDINARY SHARES OF RM0.50 EACH IN SALCON BERHAD ("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 BERHAD ("SALCON SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 23 APRIL 2007 AT AN ISSUE PRICE OF RM0.57 PER RIGHTS SHARE ("RIGHTS ISSUE WITH WARRANTS")
Despatch Date
:
 26/04/2007
Date for commencement of trading of the rights
: 
 26/04/2007
Date for despatch of abridged prospectus and subscription forms
: 
 26/04/2007
Date for cessation of trading of  the rights
: 
 08/05/2007
Date for announcement of final subscription result and basis of allotment of excess Rights Securities
: 
 18/05/2007
Listing date of the Rights Securities
: 
 29/05/2007
Last date and time for Date Time
Sale of provisional allotment of rights
:
 07/05/2007
at
 05:00:00 PM
Transfer of provisional allotment of rights
:
 10/05/2007
at
 04:00:00 PM
Acceptance and payment
:
 15/05/2007
at
 05:00:00 PM
Excess share application and payment
:
 15/05/2007
at
 05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class:
Yes
Other important dates as the listed issuer may deem appropriate:

Remarks
* or any such later date and time as may be determined and announced by the Directors of Salcon not less than two (2) market days from the stipulated closing dates.

This announcement is dated 6 April 2007.