VASTALUX ENERGY BERHAD
PUBLIC ISSUE OF 57,232,000 NEW ORDINARY SHARES OF RM0.25 EACH AND OFFER FOR SALE OF 33,000,000 ORDINARY SHARES OF RM0.25 EACH AT AN ISSUE/OFFER PRICE OF RM0.75 PER SHARE PAYABLE IN FULL ON APPLICATION
MIDF Consultancy and Corporate Services Sendirian Berhad (MIDFCCS) wishes to announce that the Public Issue/Offer for Sale shares for Vastalux Energy Berhad made available for public subscription has been undersubscribed.
The Public Issue exercise comprises the following:
- 12,000,000 new ordinary shares of RM0.25 each made available for application by the Malaysian Public;
- 4,240,000 new ordinary shares of RM0.25 each made available for application by the eligible senior management, business associates, directors and promoters of the VEB Group; and
- 40,992,000 new ordinary shares of RM0.25 each available for placement to selected investors. and
- Offer for sale of 26,000,000 ordinary shares of RM0.25 each available for placement to selected investors; and
- Restricted offer for sale of 7,000,000 ordinary shares of RM0.25 each available for application by the eligible employees of the VEB Group and its subsidiaries.
at an issue/offer price of RM0.75 per ordinary share payable in full on application pursuant to its listing on the Second Board of Bursa Malaysia Securities Berhad.
For the 12,000,000 new ordinary shares made available for public subscription, a total of580 applications for 712,300 shares with a value of RM534,225.00 were received from the Malaysian public. This represents an overall subscription rate 5.93 percent. For the Bumiputra portion, a total of 211 applications for 273,600 shares were received which represents a subscription rate of 7.60 percent.
The unsubscribed ordinary shares will be taken up by the underwriters.
Notices of Allotment will be dispatched by post to all successful applicants on or before September 11, 2008.
The Principal Adviser, Managing Underwriter and Sole Placement Agent is KAF Investment Bank Berhad.
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| • Vastalux Energy Berhad Press Release and Basis Of Allotment |  |
