TEO SENG CAPITAL BERHAD
PUBLIC ISSUE OF 38,610,000 NEW ORDINARY SHARES OF RM0.20 EACH AND OFFER FOR SALE OF 42,000,000 AT AN ISSUE / OFFER PRICE OF RM0.45 PER ORDINARY SHARE PAYABLE IN FULL ON APPLICATION
MIDF Consultancy and Corporate Services Sendirian Berhad (MIDFCCS) wishes to announce that the Public Issue shares for Teo Seng Capital Berhad made available for public subscription has been oversubscribed..
I) Public Issue of 38,610,000 New Ordinary Shares of RM0.20 each in Teo Seng Capital Berhad at an issue price of RM0.45 per share payable in full on application comprising:-
• 15,000,000 New Shares available for application by the Malaysian Public;
• 6,110,000 New Shares by way of private placement to identified investors;
• 10,000,000 New Shares available for application by the eligible directors, employees and business associates of Teo Seng Capital Berhad and its subsidiaries;
• 7,500,000 New Shares to be placed to Bumiputera investors approved by the Ministry of International Trade and Industry;
AND
II) Offer for sale of 42,000,000 shares at an offer price of RM0.45 per share to Bumiputera investors approved by the Ministry of International Trade and Industry.
For the 15,000,000 ordinary shares made available for public subscription, a total of 1,000 applications for 20,837,400 shares with a value of RM9,376,830.00 were received from the Malaysian public. This represents an overall over-subscription rate of 39%.
4,268,900 unsubscribed shares for the eligible directors, employees and business associate of Teo Seng Capital Berhad and its subsidiaries, were made available to the public.
37,000,000 unsubscribed offer-for-sale shares for Bumiputera investors approved by the Ministry of International Trade and Industry will be placed in a trust account.
Notices of Allotment will be dispatched by post to all successful applicants on or before October 28, 2008.
The Adviser, Underwriter and Placement Agent is HwangDBS Investment Bank Berhad.
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