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 STOCK MARKET DISCUSSION V150

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chrisw
post Feb 1 2016, 09:47 AM

Stay hungry, stay foolish
******
Senior Member
1,275 posts

Joined: Jan 2009


QUOTE
RENOUNCEABLE RIGHTS ISSUE OF UP TO 192,579,515 NEW ORDINARY SHARES OF RM0.10 EACH IN SUNZEN BIOTECH BERHAD ("SUNZEN SHARES") ("RIGHTS SHARES") ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING SUNZEN SHARES HELD AS AT 5.00 P.M. ON 3 FEBRUARY 2016 AT AN ISSUE PRICE OF RM0.25 PER RIGHTS SHARE, TOGETHER WITH UP TO 192,579,515 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS")

Despatch date 05 Feb 2016
Date for commencement of trading of rights 04 Feb 2016
Date for cessation of trading of rights 15 Feb 2016
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 24 Feb 2016
Listing Date of the Rights Securities 04 Mar 2016


Last date and time for Date Time
Sale of provisional allotment of rights 12 Feb 2016
at
05:00:00 PM
Transfer of provisional allotment of rights 17 Feb 2016
at
04:00:00 PM
Acceptance and payment 22 Feb 2016
at
05:00:00 PM
Excess share application and payment 22 Feb 2016
at
05:00:00 PM



Any sifu care to explain above, not quite understand cos it was my first time doing this? Does it mean

> I need to pay RM0.25 per share, if I were to subscribe the rights issue?
> Every shares I subscribed, I will get a warrant for it?
chrisw
post Feb 1 2016, 11:54 AM

Stay hungry, stay foolish
******
Senior Member
1,275 posts

Joined: Jan 2009


ILoveLalat.net

thanks for the heads up,

the rights issue being offered was 3 right shares for every 5 existing shares, which means my cost would be RM0.75 [RM0.25x3] + RM2.00 [RM0.40x5] (assuming my buy in price for the share is RM0.40 per share)
= RM2.75 / 8 = RM0.3438 (new cost per share) & on top of that i got 3 free warrants which i can convert into main share or sell it

are my assumptions correct as above?


QUOTE
RENOUNCEABLE RIGHTS ISSUE OF UP TO 192,579,515 NEW ORDINARY SHARES OF RM0.10 EACH IN SUNZEN BIOTECH BERHAD ("SUNZEN SHARES") ("RIGHTS SHARES") ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING SUNZEN SHARES HELD AS AT 5.00 P.M. ON 3 FEBRUARY 2016 AT AN ISSUE PRICE OF RM0.25 PER RIGHTS SHARE, TOGETHER WITH UP TO 192,579,515 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS")

Despatch date 05 Feb 2016
Date for commencement of trading of rights 04 Feb 2016
Date for cessation of trading of rights 15 Feb 2016
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 24 Feb 2016
Listing Date of the Rights Securities 04 Mar 2016


Last date and time for Date Time
Sale of provisional allotment of rights 12 Feb 2016
at
05:00:00 PM
Transfer of provisional allotment of rights 17 Feb 2016
at
04:00:00 PM
Acceptance and payment 22 Feb 2016
at
05:00:00 PM
Excess share application and payment 22 Feb 2016
at
05:00:00 PM


 

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