Corporate Finance Deals Concluded From January 2007 to November 2007

 
     
  Corporate Advisory Assignments  
     
 
 


AKKA SDN BHD


Mandatory Offer for the remaining 26,772,000 ordinary shares (“Offer Share”) of RM1.00 each represents 22.31% of the issued and paid-up share capital of KAF-Seagroatt & Campbell Berhad not already owned by AKKA Sdn Bhd and parties acting in concert at an offer price of RM1.30 per Offer Share to be wholly satisfied via cash payment

Completion: January 2007


AQL MARINE SDN BHD


Acquisition of 62% equity interest in KFS Support Services Sdn Bhd for a cash consideration of RM5,304,258

Completion: February 2007


LEMBAGA TABUNG ANGKATAN TENTERA

Voluntary Offer to acquire the remaining 26,053,000 ordinary shares of RM1.00 each representing 40.08% of the issued and paid-up share capital of Johan Ceramics Berhad not already owned by LTAT at a cash offer price of RM0.30 per offer share

Completion: March 2007



TIEN WAH PRESS HOLDINGS BERHAD

 



Transfer of the listing of and quotation for the entire enlarged issued and paid-up share capital of Tien Wah Press Holdings Berhad from the Second Board to the Main Board of Bursa Malaysia Securities Berhad

Completion: October 2007


PECD BHD

 




Renounceable rights issue of up to 345,000,000 new ordinary shares of RM0.50 each at an issue price of RM0.50 per rights share together with up to 172,500,000 free detachable warrants on the basis of two (2) rights shares with one (1) free detachable warrant for every two(2) existing ordinary shares held

Completion: November 2007


BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD
(formerly known as PSC Industries Berhad)

Disposal of land together with a building erected thereon, known as ‘Menara PSCI' for a cash consideration of RM54 million

Completion: April 2007


BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD
(formerly known as PSC Industries Berhad)

Restructuring Scheme consisting of the following :

•  Capital reduction in the issued and paid-up share capital of BHIC from RM174,083,348 comprising 174,083,348 ordinary shares of RM1.00 each to RM34,816,669 comprising 174,083,345 ordinary shares of RM0.20 each;

•  Capital consolidation of every five (5) ordinary shares of RM0.20 each in BHIC after the Capital Reduction to one (1) ordinary shares of RM1.00 each;

•  Cancellation of the entire share premium account;

•  Settlement of debt due and owing by BHIC and Boustead Penang Shipyard Sdn Bhd, a wholly owned subsidiary of BHIC amounting to approximately RM540 million, to their respective financial institution creditors by the issuance of 144,007,607 new ordinary shares of RM1.00 each in BHIC;

•  Renounceable rights issue of 69,633,338 new ordinary shares of RM1.00 each in BHIC at an issue price of RM1.00 per right share on the basis of two (2) rights shares for every one (1) existing ordinary share of RM1.00 each held.

Completion: August 2007


EASTERN PACIFIC INDUSTRIAL CORPORATION BERHAD

 


i. Acquisition of 868,000 ordinary shares of RM1.00 each representing 70% equity interest in Mushtari Engineering & Trading Sdn Bhd for a cash consideration of RM21 Million

ii. Call and put options of the remaining 372,000 ordinary shares of RM1.00 each representing the balance 30% equity interest in Mushtari Engineering & Trading Sdn Bhd for a cash consideration of RM9 Million and subject to adjustments based on the terms of call and put options agreement

Completion: October 2007


RASHID HUSSAIN BERHAD




Independent advice Circular to holders of ordinary shares, Irredeemable Convertible Unsecured Loan Stocks and 1999/2009 Warrants in relation to the Unconditional Take-Over Offer by Employees Provident Fund to acquire:

a) All the remaining ordinary shares in RHB at a cash offer of RM1.80 per Offer Share

b)  All the outstanding ICULS-A at a cash offer price of RM1.94 per RM1.00 nominal amount of Offer ICULS-A

c)  All the outstanding ICULS-B at a cash offer price of RM1.94 per RM1.00 nominal amount of Offer ICULS-B

d) All the outstanding 1999/2009 warrants at a cash price of 0.01 sen per Offer Warrant

Completion: June 2007


RASHID HUSSAIN BERHAD




Independent advice for the disposal of at least 842,457,525 and up to 1,034,921,469 ordinary shares of RM1.00 each in RHB Capital Berhad (“RHBC”) representing at least 46.20% and up to 56.76% of the total issued and paid-up share capital of RHBC as at 25 May 2007

Completion: June 2007


FITTERS DIVERSIFIED
BERHAD
(formerly known as Fitters Holdings Berhad)

Transfer of listing of and quotation for the entire issued and paid-up share capital of Fitters Diversified Berhad of 131,157,184 ordinary shares of RM0.50 from the Second Board to the Main Board of Bursa Malaysia Securities Berhad

Completion: July 2007


FITTERS DIVERSIFIED BERHAD
(formerly known as Fitters Holdings Berhad)

Renounceable rights issue of 65,578,592 new warrants at an issue price of RM0.10 per warrant on the basis of one (1) new warrant for every two (2) existing ordinary shares of RM0.50 held

Completion: December 2007


AFFIN HOLDINGS BERHAD


Placement of new ordinary shares of RM1.00 each in AFFIN Holdings Berhad representing up to 15% of the issued and paid-up share capital of the company to The Bank of East Asia, Limited

Completion : October 2007


BOUSTEAD HOLDINGS
BERHAD

Unconditional take-over offer to acquire the remaining 7,200,000 ordinary shares of RM1.00 each representing 5.54% of the issued and paid-up share capital of Boustead Naval Shipyard Sdn Bhd not already owned by Boustead Holdings Berhad and parties acting in concert at an offer price of RM4.40 per share satisfied via cash payment

Completion : June 2007


BOUSTEAD HOLDINGS BERHAD

Conditional voluntary take over offer by Boustead Holdings Berhad to acquire the remaining shares in UAC Berhad not already owned by Boustead Holdings Berhad

Completion : June 2007


BOUSTEAD HOLDINGS BERHAD

Acquisition of 48,270,506 ordinary shares of RM1.00 each representing 45% of the issued and paid-up shares capital in Royal & Sun Alliance Insurance (M) Bhd for a cash consideration of RM148,788,250.

Completion : September 2007


BOUSTEAD HOLDINGS
BERHAD

i. Acquisition of three lots of land together with a building erected thereon, known as Menara PSCI for a cash consideration of RM54 million

ii. Acquisition of up to 144,007,607 new ordinary shares of RM1.00 each in Boustead Heavy Industries Corporation Berhad (“BHIC”) for a total cash consideration of up to RM144,007,607 in connection with the proposed restructuring scheme of BHIC

iii. Exemption from the mandatory offer obligation on the remaining equity interest in BHIC not already held by Boustead Holdings Berhad.

Completion : April 2007


HUBLINE BERHAD


• Acquisition of 4,250,000 ordinary shares of RM1.00 each in Highline Shipping Sdn Bhd (“Highline Shipping”) for a total cash consideration of RM44,625,000; and

•  Subscription of 4,000,000 new ordinary shares of RM1.00 each in Highline Shipping for total a cash consideration of RM42,000,000

Completion : March 2007

   


HUBLINE BERHAD

•  Share split of every one (1) existing ordinary share of par value RM1.00 each held in the Company into five (5) new ordinary shares of par value RM0.20 each

•  Bonus issue of up to 311,093,420 new ordinary shares of RM0.20 each in the Company on the basis of two (2) bonus shares for every five (5) ordinary shares of RM0.20 each held in the Company after the Proposed Share Split.

Completion : July 2007

   
 
     
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