Renounceable rights issue of up to 161,268,748 new ordinary shares in Bertam Alliance Berhad ("Bertam") ("Bertam Shares" or "Shares") ("Rights Shares") on the basis of 1 Rights Share for every 2 existing Bertam Shares held as at 5.00 p.m. on 30 August 2024, together with up to 161,268,748 free detachable warrants in Bertam ("Warrants") on the basis of 1 Warrant for every 1 Rights Share subscribed for at an issue price of RM0.075 per Rights Share ("Rights Issue of Shares with Warrants")
About BERTAM ALLIANCE BHD
Bertam Alliance Bhd is a Malaysia-based company operates in real estate business. The activity of the group is functioned through three divisions namely Property development, Construction, and Corporate and others. The Property development segment develops the property for sale and/or holds properties for its investment purposes. The Construction segment is engaged in the construction of residential, addition and alterations, refurbishment and restoration of buildings. The Corporate and others segment includes holding of investments and provision of management services to its subsidiaries. Bertam derives most of the revenue from the sale of properties.
How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:
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