New Issue Of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

BackOct 23, 2025

 

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description HENGYUAN REFINING COMPANY BERHAD ("HRC" OR THE "COMPANY")

RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN HRC TOGETHER WITH FREE DETACHABLE WARRANTS ("RIGHTS ISSUE WITH WARRANTS")

We refer to the earlier announcements and the Company’s abridged prospectus dated 2 October 2025 (“Abridged Prospectus”) in relation to the Rights Issue with Warrants. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements and Abridged Prospectus.

 

On behalf of the Board, AmInvestment Bank wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue with Warrants at 5:00 p.m. on 17 October 2025, HRC had received valid acceptances and excess applications for a total of 368,639,833 Rights Shares. This represents an oversubscription of 68,639,833 Rights Shares or approximately 22.88% over the total number of 300,000,000 Rights Shares available for subscription under the Rights Issue with Warrants.

 

The details of such valid acceptances and excess applications received are as follows:

 

 

No. of Rights Shares

% of total number of Rights Shares available for subscription

Total valid acceptances

268,770,238

89.59

Total valid excess applications

99,869,595

33.29

Total valid acceptances and excess applications

368,639,833

122.88

Total number of Rights Shares available for subscription

300,000,000

100.00

Over-subscription

68,639,833

22.88

 

The Excess Rights Shares with Warrants will be allocated in a fair and equitable manner to the Entitled Shareholders and/or their renouncee(s) and/or transferee(s) (if applicable) who have applied for the Excess Rights Shares with Warrants. The allocation was carried out in accordance with the basis as set out in Section 10.8.1 of the Abridged Prospectus.

 

The Rights Shares and Warrants are expected to be listed and quoted on the Main Market of Bursa Securities on 30 October 2025.

 

 

This Announcement is dated 23 October 2025.

 


Announcement Info

Company Name HENGYUAN REFINING COMPANY BERHAD
Stock Name HENGYUAN
Date Announced 23 Oct 2025
Category General Announcement for PLC
Reference Number GA1-23102025-00054