Announcement Details/Table Section :
We refer to the past announcements made in relation to the Rights Issue with Warrants. All abbreviations used herein shall have the same meaning as those defined in the said announcements unless stated otherwise.
On behalf of the Board, RHB Investment Bank is pleased to announce that the Company has today entered into an underwriting agreement with RHB Investment Bank and AmInvestment Bank Berhad (a member of AmInvestment Bank Group) to underwrite up to 175,277,954 Rights Shares (“Open Portion”) in the ratio of 60:40. The Open Portion represents approximately 34.6% of the total Rights Shares, being the remaining portion of the Rights Shares for which no undertaking has been obtained from other shareholders of MBSB. The balance of 331,707,594 Rights Shares or approximately 65.4% of the total Rights Shares represents Employees Provident Fund Board’s ("EPF") entitlement under the Rights Issue with Warrants whereby EPF, a substantial shareholder of MBSB, has provided a written undertaking to subscribe in full for its entitlement under the Rights Issue with Warrants as at the Entitlement Date.
In addition, the Company has also today executed the deed poll constituting up to 506,985,548 Warrants to be issued pursuant to the Rights Issue with Warrants.
This announcement is dated 21 April 2011.