New Issue Of Securities (Chapter 6 Of Listing Requirements) : Fund Raising
| Type | Announcement | ||||||||||||||||||
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
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| 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") |
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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:
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. |
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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 |