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Amended Announcements Please refer to the earlier announcement reference number: LIP-15062021-00015
HONG SENG CONSOLIDATED BERHAD ("HONG SENG" OR "COMPANY") ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS IN HONG SENG AS CONSTITUTED BY THE DEED POLL DATED 13 AUGUST 2019 ("DEED POLL A") ("WARRANTS A") PURSUANT TO THE BONUS ISSUE OF 2,554,208,384 NEW ORDINARY SHARES IN HONG SENG ("HONG SENG SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING HONG SENG SHARE HELD AS AT 5.00 P.M. ON 27 JUNE 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE")
Pursuant to the adjustments to the exercise price and number of outstanding Warrants A arising from the Bonus Issue ("Adjustments"), (i) the existing number of 472,482 Warrants A as at the Entitlement Date will be adjusted into 944,964 Warrants A, whereby the additional 472,482 Warrants A will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 28 June 2022, being the next market day following the Entitlement Date; and (ii) the exercise price of Warrants A of RM0.13 each will be revised to RM0.07 each. Further, in accordance with the provisions of the Deed Poll A, the Adjustments will take effect from 28 June 2022, being the next market day following the Entitlement Date. The notice setting out the details of the Adjustments to the holders of Warrants A will be despatched in due course. This announcement is dated 27 June 2022.