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 China Automobile Parts Holding Limited, Future IPO - AM Investment Bank

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davinz18
post Oct 3 2013, 06:43 PM

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China Automobile plans bonus warrants, share placement

China Automobile Parts Holdings Ltd (CAP) has proposed to undertake bonus issue of up to 330 million warrants in the firm. This follows a planned private placement of up to 60 million new shares in the company to third-party investors.

In a statement to Bursa Malaysia today, CAP which manufactures automotive components, said it plans to distribute one warrant for every two shares held after the share placement.

"For implementation purposes, the proposed private placement is expected to be completed before the entitlement date. As such, the placement shares will also be entitled to the proposed bonus issue of warrants.

"Based on the company’s enlarged issued and paid-up share capital after the proposed private placement of up to 660,000,000 shares (assuming a total of 60,000,000 shares were issued under the proposed private placement), the proposed bonus issue of warrants would entail the issuance of up to 330,000,000 warrants," CAP said.

The company said the share placement aims to expand the shareholder base of the firm. CAP hopes a larger shareholder base will improve trading liquidity of the stock.

It said the private placement and bonus issue are due for completion in the fourth quarter of this year.
wil-i-am
post Nov 19 2013, 08:22 AM

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Reference is made to an article appearing in NanYang Siang Pau on even date quoting a source alleging that CAP has the intention of transferring its listing to the Indonesia Stock Exchange. Based on its source, Low Thiam Hoe, a former executive director of Golden Plus Holdings Berhad (a company listed on the Main Board of Bursa Securities) and Lim Kim Chai, a major shareholder of Sersol Berhad (a company listed on the ACE Market of Bursa Securities) have recently been in touch with Terry Li GuoQing, the Managing Director and a major shareholder of CAP whereby the various parties are in discussions to jointly take full control of the Company and thereafter delist the Company from Bursa Securities and subsequently relist CAP on the Indonesian Stock Exchange. At present, 20% of CAP’s turnover is from South-East Asia of which the Indonesia market accounted for a large proportion. It was reported that based on its sources, the Indonesian car market is larger than Malaysian car market and hence the Company has the intention of seeking a listing on the Indonesia Stock Exchange and positioning it as an Indonesian brand to penetrate into the Indonesian market.

Further to the above, in a separate article appearing in China Press also on even date, it was allaged that Low Thiam Hoe, a former executive director of Golden Plus Holdings Berhad (a company listed on the Main Board of Bursa Securities) has the intention of privatising CAP at RM0.70 per share. Sources to China Press said Low Thiam Hoe lead a group in discussion with Terry Li GuoQing, the Managing Director of CAP on the privatisation of the Company. Once privatised, Low Thiam Hoe plans to list CAP on the Indonesian Stock Exchange. Based on the source, the Indonesian market has huge growth potential and the offeror has the intention of positioning CAP as an Indonesian company. It was reported that Low Thiam Hoe is working with He Jin Kun on the above privatisation.

In relation to the above, the Board of Directors of the Company wishes to confirm that to the best of its knowledge and after making due enquiry with Terry Li GuoQing, the Managing Director of CAP, and the other substantial shareholders of CAP seeking their views on the abovementioned matter, the Company is not aware and has no knowledge of any rumour or report concerning the abovementioned matters. Further, the Company wishes to inform that Terry Li GuoQing and the other substantial shareholders of CAP have confirmed that they do not know any of the persons quoted above.

This announcement is dated 18 November 2013.


wil-i-am
post Nov 19 2013, 09:06 AM

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Quarterly rpt on consolidated results for the financial period ended 30/9/2013
http://www.bursamalaysia.com/market/listed...cements/1464853
davinz18
post Nov 19 2013, 08:52 PM

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Tax Exempt Interim Dividend of 1.0 sen per ordinary share of USD0-10 each for the financial year ending 31 December 2013

EX-date 16/12/2013
Entitlement date 18/12/2013
Payment date 30/12/2013
wil-i-am
post Nov 20 2013, 12:40 AM

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PROPOSED PRIVATE PLACEMENT; AND
PROPOSED BONUS ISSUE OF WARRANTS
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Reference is made to the announcements made on 3 October 2013 and 4 October 2013 respectively in relation to the Proposals (“Announcements”). For consistency, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.

On behalf of CAP, Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that the Board, after further deliberation, have decided to abort the Proposed Private Placement. This will not affect the Proposed Bonus Issue of Warrants. All other details of the Proposed Bonus Issue of Warrants as announced previously shall remain unchanged, save and except for any effects arising as a consequence of aborting the Proposed Private Placement.

Mercury Securities will retract the additional listing application in respect of the Proposed Private Placement from Bursa Securities.

This announcement is dated 19 November 2013.


wil-i-am
post Nov 20 2013, 06:57 PM

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• PROPOSED PRIVATE PLACEMENT; AND
• PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY KNOWN AS THE "PROPOSALS")
http://www.bursamalaysia.com/market/listed...cements/1467249
wil-i-am
post Apr 16 2014, 04:39 PM

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China Automobile Parts sees 10% stake traded off-market
http://www.thestar.com.my/Business/Busines...ded-off-market/

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