MAHSING - Bonus Issue (1 : 5)

Company: MAH SING GROUP BHD
Stock Name: MAHSING
Amount/Ratio: 1 : 5
Announcement Date: 19/06/2013
Ex Date: 04/07/2013

Detail:

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Company Name	MAH SING GROUP BERHAD
Stock Name	MAHSING
Date Announced	19 Jun 2013
Category	Entitlements (Notice of Book Closure)
Reference No	MM-130619-52651

EX-date	04/07/2013
Entitlement date	08/07/2013
Entitlement time	05:00:00 PM
Entitlement subject	Bonus Issue
Entitlement description	Bonus issue of up to 295,698,129 new ordinary shares of RM0.50 each in Mah Sing Group Berhad (“Mah Sing”) (“Mah Sing Shares”) (“Bonus Shares”), to be credited as fully paid-up, on the basis of 1 Bonus Share for every 5 existing Mah Sing Shares held by the entitled shareholders of Mah Sing as at 5.00 p.m. on 8 July 2013 (“Entitlement Date”) (“Bonus Issue”)
Period of interest payment	to
Financial Year End
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Tricor Investor Services Sdn Bhd Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur Tel. no.: +603 2264 3883 Fax no.: +603 2282 1886
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	08/07/2013
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)
Entitlement indicator	Ratio
Ratio	1 : 5
Rights Issues/Offer Price

Remarks :

The Bonus Issue will entail the issuance of up to 295,698,129 Bonus Shares, to be credited as fully paid-up, on the basis of 1 Bonus Share for every 5 existing Mah Sing Shares held by the entitled shareholders whose names appear in the Record of Depositors of Mah Sing at 5.00 p.m. on the Entitlement Date (“Entitled Shareholders”). The actual number of Bonus Shares to be issued will depend on the issued and paid-up share capital of Mah Sing on the Entitlement Date, taking into account any exercise or conversion (as the case may be) of Mah Sing’s existing Warrants B 2013/2018 (“Warrants”), Mah Sing’s 7-year RM325 million nominal value of 3.25% redeemable convertible secured bonds or options granted pursuant to Mah Sing’s employees share option scheme. Holders of Mah Sing’s Warrants (“Warrant Holders”) who wish to be entitled to the Bonus Issue shall exercise their rights to subscribe for new Mah Sing Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Mah Sing’s Share Registrar (at the address stated above) on or before 5.00 p.m. on 26 June 2013. This is to enable the new Mah Sing Shares arising from such exercise to be allotted to the respective Warrant Holders such that their names will appear in the Record of Depositors for Mah Sing Shares at 5.00 p.m. on the Entitlement Date. Effective on 5 July 2013 (being 1 market day before the Entitlement Date), the number of outstanding Warrants and the exercise price for such Warrants shall be adjusted in accordance with the provisions under the Deed Poll constituting the Warrants dated 18 February 2013 (“Deed Poll”) (“Adjustments”). Warrant Holders whose names appear in the Record of Depositors for Warrants at 5.00 p.m. on 8 July 2013 (being the Entitlement Date) will be entitled to receive the additional Warrants arising from the Adjustments. For the avoidance of doubt, Warrant Holders who lodge their duly completed exercise forms between 27 June 2013 and 8 July 2013 (both dates inclusive) will not be entitled for the Bonus Issue or the additional Warrants arising from the Adjustments. Pursuant to the Adjustments, Warrant Holders will be entitled to 1 additional Warrant for every 5 existing Warrants held and the existing exercise price of RM2.38 for each Warrant will be adjusted accordingly to RM1.98 for each Warrant (including additional Warrants). As a result of the Adjustments, up to a maximum of 33,606,752 additional Warrants with an adjusted exercise price of RM1.98 for each Warrant shall be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 9 July 2013. A notification to the Warrant Holders setting out the details of such Adjustments will be despatched to the Warrant Holders in due course. The Bonus Shares will be listed and quoted on the Main Market of Bursa Securities on 9 July 2013, being 1 market day after the Entitlement Date. Mah Sing’s Share Registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the Entitled Shareholders not later than 4 market days after the date of listing and quotation for the Bonus Shares on the Main Market of Bursa Securities. This announcement is dated 19 June 2013.