SCGM BERHAD
PUBLIC ISSUE OF 12,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AND OFFER FOR SALE OF 24,000,000 ORDINARY SHARES OF RM0.50 EACH AT AN ISSUE/OFFER PRICE OF RM0.78 PER ORDINARY SHARE PAYABLE IN FULL ON APPLICATION
Kuala Lumpur, 19 February 2008 – MIDF Consultancy and Corporate Services Sendirian Berhad (MIDFCCS) wishes to announce that the Public Issue / Offer for Sale shares for SCGM Berhad made available for public subscription have been oversubscribed.
The Public Issue and Offer for Sale exercise comprises of :-
I) Public Issue of 12,000,000 New Ordinary Shares of RM0.50 each at an issue price of RM0.78 per ordinary share payable in full on application comprising:-
• 6,000,000 new Ordinary Shares of RM0.50 each available for application by the Malaysian Public;
• 4,500,000 new Ordinary Shares of RM0.50 each available for application by the eligible directors, employees and other persons who have contributed to SCGM’s success;
• 1,500,000 new Ordinary Shares of RM0.50 each available by way of private placement to selected investors;
II) Offer for Sale of 24,000,000 Ordinary Shares of RM0.50 each to Bumiputera investors approved by the Ministry of International Trade and Industry at an offer price of RM0.78 per share payable in full on application.
For the 6,000,000 Shares made available for public subscription, a total of 1,458 applications for 13,142,400 shares with a value of RM10,251,072.00 were received from the Malaysian public. This represents an overall over-subscription rate of 1.19 times. For the Bumiputra portion, a total of 405 applications for 2,295,300 were received which represents an over-subscription rate of 0.28 times.
The 1,500,000 Public Issue Shares made available to identified investors have been fully placed out.
Notices of Allotment will be dispatched by post to all successful applicants on or before February 27, 2008.
The Adviser, Underwriter and Placement Agent is Public Investment Bank Berhad
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| •SCGM Berhad Basis Of Allotment |  |
