Rights Issue
| BINASTRA CORPORATION BERHAD |
| Entitlement subject | Rights Issue |
| Type | Renounceable |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF 45,250,000 NEW ORDINARY SHARES IN BINASTRA CORPORATION BERHAD ("BINASTRA" OR "COMPANY") ("BINASTRA SHARES(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.80 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 10 EXISTING BINASTRA SHARES HELD AS AT 5.00 P.M. ON 9 April 2024 ("RIGHTS ISSUE") |
| Ex-Date | 08 Apr 2024 |
| Entitlement date | 09 Apr 2024 |
| Entitlement time | 5:00 PM |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 09 Apr 2024 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new
shares/securities issued (units) (If applicable) |
45,250,000 |
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.8000 |
| Par Value (if applicable) | |
| Entitlement indicator | Ratio |
| Entitlement Details | |
| Company Name | BINASTRA CORPORATION BERHAD |
| Entitlement | Ordinary Rights |
| Ratio (New:Existing) | 1.0000 : 10.0000 |
| Rights Crediting Date | 09 Apr 2024 |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form in relation to the Rights Issue (collectively referred to as the "Documents") will only be despatched to the shareholders whose names appear in Binastra's Record of Depositors as at 5.00 p.m. on 9 April 2024 ("Entitlement Date") ("Entitled Shareholders") at their registered address in Malaysia or who have provided the share registrar, Tricor Investor & Issuing House Services Sdn. Bhd., with a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date.
Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Tricor Investor & Issuing House Services Sdn Bhd to effect the change of address by the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated, distributed in any countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue and the Documents comply with the law of any countries or jurisdictions other than the laws of Malaysia.
This announcement is dated 25 March 2024. |
Announcement Info
| Company Name | BINASTRA CORPORATION BERHAD |
| Stock Name | BNASTRA |
| Date Announced | 25 Mar 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-06032024-00005 |
| Corporate Action ID | MY240306RHDI0001 |