RUBEREX 3股配2令吉债卷送一凭单

lim2000

RUBEREX 3股配2令吉债卷送一凭单, 那是什么意思?

每三千股出两千就可得一凭单, 那债卷和凭单有何不同?

lim2000

怎么没人回答我的问题?

amigoamigo80

  我也搞不清楚 !

顶上来，我也想知道。。。

Mr.Business

General Announcement
Reference No MM-070130-61600
Submitting Merchant Bank        :        RHB INVESTMENT BANK BERHAD
Company Name        :        RUBBEREX CORPORATION (M) BERHAD
Stock Name         :        RUBEREX
Date Announced        :        30/01/2007

Type        :        Announcement
Subject        :        RUBBEREX CORPORATION (M) BERHAD ("RCM" OR THE "COMPANY";)
- PROPOSED RIGHTS ISSUE
- PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

Contents :

1. INTRODUCTION
On behalf of the Board of Directors of RCM ("Board";), RHB Investment Bank Berhad (formerly known as RHB Sakura Merchant Bankers Berhad) wishes to announce that the Company proposes to undertake the following :

            (a) Proposed renounceable rights issue of 4%, 5 year irredeemable convertible unsecured loan stocks ("ICULS";) with free detachable warrants in RCM ("Warrant";), on the basis of RM2.00 nominal value of ICULS together with 1 free Warrant for every 3 existing ordinary shares of RM1.00 each in RCM ("RCM Shares";) held (";Proposed Rights Issue";); and

            (b) Proposed increase in authorised share capital of RCM from RM100,000,000 comprising 100,000,000 RCM Shares to RM200,000,000 comprising 200,000,000 RCM Shares (";Proposed Increase In Authorised Share Capital";).

            The Proposed Rights Issue and the Proposed Increase in Authorised Share Capital shall be collectively known as the ";Proposals".



2. DETAILS OF THE PROPOSED RIGHTS ISSUE

            The Proposed Rights Issue involves the renounceable rights issue of up to RM55,656,688 nominal value of 4%, 5 year ICULS at 100% of its nominal value together with up to 27,828,344 free Warrants, on the basis of RM2.00 nominal value of ICULS with 1 free Warrant for every 3 existing RCM Shares held by the registered shareholders of RCM whose names appear in the Record of Depositors of the Company as at an entitlement date to be determined later.

            Shareholders of RCM may subscribe to the renounceable entitlements of the ICULS in full or in part. The Warrants will only be issued to shareholders of RCM who subscribe for the ICULS. Shareholders who renounce all or any part of their entitlements to the ICULS provisionally allotted to them under the Proposed Rights Issue will simultaneously relinquish their corresponding entitlements to the Warrants. The ICULS and the Warrants are not separately renounceable and the Warrants will be detached from the ICULS immediately upon issuance and traded separately on the Main Board of Bursa Malaysia Securities Berhad ("Bursa Securities";).

            Please refer to Appendices I and II for the indicative terms of the ICULS and Warrants respectively.


2.1 Status of the new RCM Shares

            The new RCM Shares to be issued pursuant to the conversion of the ICULS and exercise of the Warrants will upon issue and allotment, rank pari passu in all respects with the then existing RCM Shares in issue except that they will not be entitled to any dividends, rights, allotment or other distributions the entitlement date for which is before the date of the conversion of the ICULS/exercise of the Warrants.


3. RATIONALE FOR THE PROPOSED RIGHTS ISSUE

            The primary purpose of the Proposed Rights Issue is to fund the proposed capital expansion of RCM's facilities in the Guangdong province of China (";Proposed Capital Expansion";). The Proposed Capital Expansion will involve the installation of 3 additional glove plants which will comprise a total of 23 disposable synthetic glove production lines with an aggregate annual capacity of 4.3 billion pieces of gloves. The Proposed Capital Expansion will be implemented in 3 stages, commencing mid-2007 and is expected to be completed by end-2008. The first stage involves the installation of 8 production lines while the balance of 15 production lines is expected to be installed in 2 stages by end-2008. Accordingly, the Board expects the Proposed Capital Expansion to contribute positively to the revenue and profitability of RCM and its subsidiaries ("RCM Group";) in the future.

            The remaining proceeds from the Proposed Rights Issue shall be utilised as working capital and to defray estimated expenses for the Proposals.

            The Board is of the view that the Proposed Rights Issue is currently the most appropriate avenue of fund raising for the Group based on the following:

            (a) The Proposed Rights Issue will raise funds for the Proposed Capital Expansion at a relatively lower cost compared to obtaining bank borrowings without an immediate dilution in earnings per share;

            (b) The additional RCM Shares to be issued pursuant to the conversion of the ICULS and exercise of the Warrants will increase the capital base of RCM to a level that commensurate with the value of its assets employed, as well as provide an opportunity to the existing shareholders of RCM to further increase their equity participation in the Company; and

            (c) The issuance of the free Warrants with the ICULS is intended to provide additional incentive to the shareholders of RCM to subscribe for their respective entitlements under the Proposed Rights Issue. In addition, the subsequent exercise of the Warrants into new RCM Shares would also raise additional funds for the Company to finance the future working capital requirements of RCM.


4. UTILISATION OF PROCEEDS

            The Proposed Rights Issue is expected to raise gross proceeds of up to approximately RM55.7 million which is proposed to be utilised in the following manner:

                    
            RM
                    
            Capital expansion in China        
            50,000,000
            Working capital        
            4,356,688
            Estimated expenses        
            1,300,000
                    
Total 55,656,688
                    
            The proceeds to be raised from the exercise of Warrants are dependent on the total number of Warrants exercised during the tenure of the Warrants as well as the exercise price of the Warrants, which will be determined at a later date. For illustrative purposes only, assuming the exercise price of the Warrants is RM1.93 per Warrant (based on the 5-day weighted average market price of RCM Shares up to 26 January 2007), the proceeds expected to be raised from the exercise of Warrants is up to approximately RM53.7 million. Such proceeds are expected to be utilised for the working capital of RCM Group.

5. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

            To facilitate the implementation of the Proposed Rights Issue, the Board is proposing to increase the authorised share capital of RCM from RM100,000,000 comprising 100,000,000 RCM Shares to RM200,000,000 comprising 200,000,000 RCM Shares by the creation of an additional 100,000,000 RCM Shares.

            The Proposed Increase In Authorised Share Capital would enable the Company to accommodate the increase in its issued and paid-up share capital pursuant to the Proposed Rights Issue as well as any future issuance of shares by the Company.

更多详情请到：
http://announcements.bursamalaysia.com/EDMS%5Cannweb.nsf/LsvAllByID/482568AD00295D0748257273003581A7?OpenDocument

http://announcements.bursamalaysia.com/EDMS/annweb.nsf/8b25383a269fcce548256d79001af770/482568ad00295d0748257273003581a7/$FILE/RCM_Ancmnt_PropRightsIssue-ICULS_1_Tables_300107.doc

http://announcements.bursamalaysia.com/EDMS/annweb.nsf/8b25383a269fcce548256d79001af770/482568ad00295d0748257273003581a7/$FILE/RCM_Ancmnt_PropRightsIssue-ICULS_2_App1-ICULS_300107.doc

http://announcements.bursamalaysia.com/EDMS/annweb.nsf/8b25383a269fcce548256d79001af770/482568ad00295d0748257273003581a7/$FILE/RCM_Ancmnt_PropRightsIssue-ICULS_3_App2-Warrants_300107.doc

lim2000

现价1.75大家认为值得买吗?