Monday, October 19, 2009

Carotec rights offering

0076 CAROTEC CAROTECH BHD
PROPOSED RIGHTS ISSUE

CAROTECH BERHAD ("CAROTECH" OR "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 456,144,000 NEW ORDINARY SHARES OF
RM0.10 EACH IN CAROTECH (CAROTECH SHARES) (RIGHTS SHARES) ON THE BASIS OF ONE
(1) CAROTECH SHARE FOR EVERY ONE (1) EXISTING CAROTECH SHARE HELD (PROPOSED
RIGHTS ISSUE)
We refer to the announcement dated 21 August 2009 in relation to the Proposed
Rights Issue.
On behalf of the Board of Directors of Carotech, AFFIN Investment Bank Berhad
(Affin Investment) wishes to announce that the Bursa Malaysia Securities Berhad
(Bursa Securities) had, vide its letter dated 18 September 2009 approved the
listing application for the Proposed Rights Issue subject to the following
conditions:
(a) Carotech/Affin Investment must fully comply with the relevant provisions
under the ACE Market Listing Requirements (LR) pertaining to the implementation
of the Proposed Rights Issue;
(b) Carotech/Affin Investment to furnish a certified true copy of the relevant
resolution passes by securities holders in the general meeting;
(c) Carotech/Affin Investment to inform Bursa Securities upon completion of the
Proposed Rights Issue; and
(d) Carotech/Affin Investment to furnish Bursa Securities with a written
confirmation of its compliance with the terms and conditions of Bursa
Securities approval once the Proposed Rights Issue has been implemented.
In the event the new ordinary shares to be issued pursuant to the Proposed
Rights Issue will be listed and quoted as the existing securities of the same
class, quotation of the new ordinary shares will commence on the next market
day after the following:
(i) Submission of the share certificate together with a covering letter
containing the summary of the Proposed Rights Issue to Bursa Depository Sdn Bhd
(Bursa Depository) before 10 a.m. on the market day prior to the listing date;
(ii) Receipt of confirmation from Bursa Depository that the additional new
shares are ready for crediting into the respective account holders; and
(iii) An announcement in accordance to paragraph 12.2 of GN17 is submitted via
Bursa Link before 3 p.m. on the market day prior to the listing date.
Carotech/Affin Investment is required to ensure full compliance of all the
requirements as provided under the LR at all times.
This announcement is dated 23 September 2009.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com .

No comments: