{"id":3047,"date":"2021-09-13T07:17:00","date_gmt":"2021-09-13T07:17:00","guid":{"rendered":"https:\/\/masteel.investor.net.my\/?p=3047"},"modified":"2021-09-14T07:19:36","modified_gmt":"2021-09-14T07:19:36","slug":"rights-issue","status":"publish","type":"post","link":"https:\/\/masteel.investor.net.my\/rights-issue.html","title":{"rendered":"Rights Issue"},"content":{"rendered":"\n
Entitlement subject<\/td>Rights Issue<\/td><\/tr>
Type<\/td>Renounceable<\/td><\/tr>
Entitlement description<\/td>RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.395 PER RIGHTS SHARE ON A FULL SUBSCRIPTION BASIS (“RIGHTS ISSUE WITH WARRANTS”)<\/td><\/tr>
Ex-Date<\/td>28 Sep 2021<\/td><\/tr>
Entitlement date<\/td>29 Sep 2021<\/td><\/tr>
Entitlement time<\/td>5:00 PM<\/td><\/tr>
Share transfer book & register of members will be<\/td> to  closed from (both dates inclusive) for the purpose of determining the entitlement<\/td><\/tr>
a.Securities transferred into the Depositor’s Securities Account before 4:30 pm in respect of transfers<\/td>29 Sep 2021<\/td><\/tr>
b.Securities deposited into the Depositor’s Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit<\/td><\/td><\/tr>
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.<\/td><\/tr>
Number of new shares\/securities issued (units) 
(If applicable)<\/td>		<\/td><\/tr>
Rights Issue\/Offer Price<\/td>Malaysian Ringgit (MYR) 0.3950<\/td><\/tr>
Par Value (if applicable)<\/td><\/td><\/tr>
Entitlement indicator<\/td>Ratio<\/td><\/tr>
Entitlement Details<\/td><\/tr>
Company Name<\/td>MALAYSIA STEEL WORKS (KL) BHD<\/td><\/tr>
Entitlement<\/td>Ordinary Rights<\/td><\/tr>
Ratio (New:Existing)<\/td>1.0000  : 2.0000<\/td><\/tr>
Rights Crediting Date<\/td>29 Sep 2021<\/td><\/tr>
Fractional Entitlement<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Registrar or Service Provider name, address, telephone no<\/td>SECURITIES SERVICES (HOLDINGS) SDN BHD
Level 7, Menara Milenium 
Jalan Damanlela, Pusat Bandar Damansara 
Damansara Heights 
50490 Kuala Lumpur 
Wilayah Persekutuan 
Malaysia
Tel:0320849000<\/a>
Fax:0320949940<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Remarks :<\/td><\/tr>
This Abridged Prospectus, together with the notice of provisional allotment and rights subscription forms pursuant to the Rights Issue with Warrants (collectively, the “Documents”) will only be despatched to the entitled shareholders whose names appear in Company’s record of depositors and who have a registered address in Malaysia or who have provided the Company’s share registrar, Securities Services (Holdings) Sdn Bhd (“Share Registrar”), with a registered address in Malaysia in writing (“Entitled Shareholder(s)”) not later than 5.00 p.m. on 29 September 2021. The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, and are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any countries or jurisdictions other than the laws of Malaysia. The Documents will not be sent to the foreign Entitled Shareholder(s) and\/or their renouncee(s) and\/or transferee(s) (if applicable) who do not have a registered address in Malaysia. However, such foreign Entitled Shareholder(s) and\/or their renouncee(s) and\/or transferee(s) (if applicable) may collect the Documents from the Company’s Share Registrar, Securities Services (Holdings) Sdn Bhd, in which event the Company’s Share Registrar shall be entitled to request for such evidence as it deems necessary to satisfy itself as to the identity and authority of the person collecting the aforesaid documents. This announcement is dated 13 September 2021.<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

Entitlement subject Rights Issue Type Renounceable Entitlement description RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"yoast_head":"\nRights Issue - Malaysia Steel Works IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/masteel.investor.net.my\/rights-issue.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rights Issue - Malaysia Steel Works IR\" \/>\n<meta property=\"og:description\" content=\"Entitlement subject Rights Issue Type Renounceable Entitlement description RENOUNCEABLE RIGHTS ISSUE OF 226,369,915 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL” OR THE “COMPANY”) (“RIGHTS SHARES”) TOGETHER WITH 226,369,915 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/masteel.investor.net.my\/rights-issue.html\" \/>\n<meta property=\"og:site_name\" content=\"Malaysia Steel Works IR\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-13T07:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-14T07:19:36+00:00\" \/>\n<meta name=\"author\" content=\"Alicia Loo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alicia Loo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/masteel.investor.net.my\/rights-issue.html\",\"url\":\"https:\/\/masteel.investor.net.my\/rights-issue.html\",\"name\":\"Rights Issue - 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