HOMERITZ CORPORATION BERHAD
PUBLIC ISSUE OF 9,000,000 NEW ORDINARY SHARES INCLUDING OFFER FOR SALE OF 35,020,000 ORDINARY SHARES OF RM0.20 EACH AT AN ISSUE/OFFER PRICE OF RM0.65 PER ORDINARY SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH THE 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 / Offer for Sale shares of Homeritz Corporation Berhad (Homeritz) made available for public subscription has been oversubscribed.
The Public Issue and Offer for Sale exercise comprises: -
I) Public Issue of 9,000,000 New Ordinary Shares of RM0.20 each comprising:-
• 1,000,000 new Ordinary Shares of RM0.20 each available for application by the eligible directors, employees and business associates of Homeritz and its subsidiary companies.
• 8,000,000 new Ordinary Shares of RM0.20 each available for application by the Malaysian Public;
And
II) Offer for sale of 35,020,000 Ordinary Shares of RM0.20 each comprising:-
• 20,000,000 Ordinary Shares of RM0.20 each by way of private placement to Bumiputera investors approved by The Ministry of International Trade and Industry;
• 8,020,000 Ordinary Shares of RM0.20 each by way of private placement to identified investors; and
• 7,000,000 Ordinary Shares of RM0.20 each available for application by the Malaysian Public.
For the 15,000,000 shares made available for public subscription, a total of 1,392 applications for 17,907,500 shares with a value of RM11,639,875.00 were received from the Malaysian public. This represents an overall over subscription rate of 19.38 per cent. For the Bumiputera portion, a total of 339 applications for 2,463,900 shares were received which represents a subscription rate of 32.85 percent.
For the 20,000,000 shares made available by private placement to Bumiputera Investors approved by MITI, 10,443,800 shares were allocated. The balance of 9,556,200 unallocated shares were firstly made available for application by the Bumiputera Public and then reallocated to identified investors via private placement. Both the 9,556,200 shares and 8,020,000 shares have been fully placed out.
Notices of Allotment will be dispatched by post to all successful applicants on or before February 18, 2010.
The Adviser, Sole Underwriter and Placement Agent is MIMB Investment Bank Berhad (a member of EON Bank Group)Lead Placement Agent is OSK Investment Bank Berhad.
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| • Homeritz Corporation Berhad Basis Of Allotment |  |
