XIDELANG HOLDINGS LTD
THE INITIAL PUBLIC OFFERING OF 100,000,000 ORDINARY SHARES OF US$0.10 EACH AT AN ISSUE PRICE OF RM0.58 PER ORDINARY SHARE PAYABLE IN FULL ON APPLICATION PURSUANT TO OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
MIDF Consultancy and Corporate Services Sdn Bhd (MIDFCCS) wishes to announce that the Public Issue shares of XiDeLang Holdings Ltd made available for public subscription has been oversubscribed.
The Public Issue exercise comprises: -
Public Issue of 100,000,000 New Ordinary Shares of US$0.10 each as follows:-
• 10,000,000 new Ordinary Shares of US$0.10 each available for application by the Malaysian Public; and
• 90,000,000 new Ordinary Shares of US$0.10 each available for private placement to selected investors.
For the 10,000,000 shares made available for public subscription, a total of 1,113 applications for 24,197,600 shares with a value of RM14,034,608.00 were received from the Malaysian public. This represents an overall over-subscription rate of 1.42 times.
Due to over subscription of the Public Issue shares, 10,000,000 Public Issue shares from the 90,000,000 Public Issue shares made available for private placement had been offered to the Malaysian Public.
The private placement portion of 80,000,000 shares have been fully placed out to selected investors.
Notices of Allotment will be dispatched by post to all successful applicants on or before November 11, 2009.
The Adviser, Co-Underwriter and Placement Agent is AmInvestment Bank Berhad. The Managing Underwriter and Lead Placement Agent is OSK Investment Bank Berhad.
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