Submitting Merchant Bank
:
AMINVESTMENT BANK BERHAD
Company Name
:
YINSON HOLDINGS BERHAD
Stock Name
:
YINSON  
Date Announced
:
24/01/2014


Type
:
Announcement
Subject
:
MULTIPLE PROPOSALS

Description
:

YINSON HOLDINGS BERHAD ("YHB" OR "COMPANY")

(i) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN YHB ("YHB SHARES") TO RAISE GROSS PROCEEDS OF UP TO RM500 MILLION ("PROPOSED RIGHTS ISSUE");

(ii) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM500,000,000 COMPRISING 500,000,000 YHB SHARES TO RM1,000,000,000 COMPRISING 1,000,000,000 YHB SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND

(iii) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF ONE (1) YHB SHARE INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN YHB ("SUBDIVIDED SHARES") HELD BY ENTITLED SHAREHOLDERS OF YHB ON AN ENTITLEMEN DATE TO BE DETERMINED LATER ("PROPOSED SHARE SPLIT")

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

Attachments
:
Yinson Holdings Berhad - Proposals.pdf

Announcement Details/Table Section :

On behalf of the Board of Directors of YHB ("Board"), AmInvestment Bank Berhad ("AmInvestment Bank") wishes to announce that YHB proposes to undertake the following:-

(i) a renounceable rights issue of new YHB Shares ("Rights Shares") to the entitled shareholders of YHB ("Entitled Shareholder(s)") to raise maximum gross proceeds of up to RM500 million ("Proposed Rights Issue");

(ii) an increase in the authorised share capital of the Company from RM500,000,000 comprising 500,000,000 YHB Shares to RM1,000,000,000 comprising 1,000,000,000 YHB Shares ("Proposed Increase in Authorised Share Capital"); and
(iii) a share split involving the subdivision of one (1) YHB Share into two (2) ordinary shares of RM0.50 each in YHB ("Subdivided Share(s)") held by the entitled shareholders of YHB on an entitlement date to be determined and announced later ("Share SplitEntitlement Date") ("Proposed Share Split").
The Proposed Rights Issue, Proposed Increase in Authorised Share Capital and Proposed Share Split shall hereinafter collectively be referred to as the "Proposals".

For further details on the Proposals, please refer to the attachment.


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