SAMCHEM HOLDINGS BERHAD
PUBLIC ISSUE OF UP TO 21,363,000 NEW ORDINARY SHARES AND OFFER FOR SALE OF 19,500,000 ORDINARY SHARES OF RM0.50 EACH AT AN ISSUE/OFFER PRICE OF RM0.71 PER ORDINARY SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH THE LISTING ON THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD
MIDF Consultancy and Corporate Services Sdn Bhd (MIDFCCS) wishes to announce that the Public Issue shares of Samchem Holdings Berhad (Samchem) made available for public subscription has been oversubscribed.
The Public Issue and Offer for Sale exercise comprises:-
I) Public Issue of up to 21,363,000 New Ordinary Shares of RM0.50 each at an issue price of RM0.71 share payable in full on application comprising:-
(a) Up to 6,800,000 new shares available for application by the Malaysian Public (Retail Public Offering);
(b) Up to 3,000,000 new shares available for application by the eligible directors, employees and other persons who have contributed to Samchem Group’s success;
(c) 8,140,000 new shares available for private placement to Bumiputera Investors approved by the Ministry of International Trade and Industry (MITI); and
(d) 3,423,000 new shares available by way of private placement to selected investors.
II) Offer for Sale of 19,500,000 shares to Bumiputera investors approved by MITI at an offer price of RM0.71 per share payable in full on application.
A total of 4,541 applications for 76,009,500 shares with a value of RM53,966,745.00 were received from the Malaysian public under the Retail Public Offering.
Under the Retail Public Offering (as referred in item (a) above) and as disclosed in the Prospectus dated 22 May 2009 issued by Samchem, a minimum of 3,988,000 new shares (Minimal Level of Subscription) and a maximum of 6,800,000 new shares (Maximum Level of Subscription) were made available for public subscription. Based on the Minimum Level of Subscription, this represents an overall over-subscription rate of 18.06 times. Under the Maximum Level of Subscription, this represents an overall over-subscription rate of 10.18 times.
For the Bumiputera portion, a total of 614 applications for 3,908,800 shares were received which represents an over-subscription rate of 2.27 times and 0.92 times under the Minimum Level of Subscription and Maximum Level of Subscription, respectively.
The 27,420,000 unsubscribed shares from private placement to Bumiputera investors approved by the Ministry Of International Trade And Industry (MITI) will be made available to the Public Bumiputera investors and subsequently will be offered to the Public.
The 3,423,000 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 June 22, 2009.
The Adviser, Managing Underwriter and Placement Agent is RHB Investment Bank Berhad.
Click on the icons below to start PDF file download (format requires Acrobat Reader).
To download the latest version of Acrobat Reader, click here.
| • Samchem Holdings Berhad Basis Of Allotment for Bumi |  |
| • Samchem Holdings Berhad Basis Of Allotment for Public (page 1) | |
| • Samchem Holdings Berhad Basis Of Allotment for Public (page 2) | |
