Listing Detail:
Listing Sought: Main Market
Issue Price: RM0.54
Par Value: RM 0.10

Dates:
Offer Period Open: 13 Dec 2016
Offer Period Close: 19 Dec 2016
Tentative listing date: 29 Dec 2016

Number of shares:
Public Issue: 40,000,000
Offer for Sale: 92,000,000
Private Placement: 103,000,000

Stock Code: FPGROUP

Official Announcement

(A) PUBLIC ISSUE OF 40,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN FOUNDPAC GROUP BERHAD (SHARES) COMPRISING:-

(I) 18,500,000 NEW SHARES AVAILABLE FOR THE MALAYSIAN PUBLIC;

(II) 10,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES (INCLUDING ANY OTHER PERSONS WHO HAVE CONTRIBUTED TO OUR SUCCESS); AND

(III) 11,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS;

AND (B) OFFER FOR SALE OF 92,000,000 SHARES IN THE FOLLOWING MANNER:-

(I) 55,000,000 SHARES BY WAY OF PLACEMENT TO IDENTIFIED INVESTORS; AND

(II) 37,000,000 SHARES BY WAY OF PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

AT AN ISSUE/OFFER PRICE OF RM0.54 PER SHARE PAYABLE IN FULL ON APPLICATION IN CONJUNCTION WITH THE LISTING OF FOUNDPAC GROUP BERHAD ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Company Overview

Plot 35, Hilir Sungai Keluang 2,
Bayan Lepas Non-Free Industrial Zone Phase IV,
11900 Bayan Lepas, Penang, Malaysia

Phone: +604 630 9336
Fax: +604 630 9333
Website: http://www.foundpac.com