*~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
{ Sila lawat Laman Hizbi-Net - http://www.hizbi.net }
{ Hantarkan mesej anda ke: [EMAIL PROTECTED] }
{ Iklan barangan? Hantarkan ke [EMAIL PROTECTED] }
*~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
PAS : KE ARAH PEMERINTAHAN ISLAM YANG ADIL
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
dengar cerita ari tu, Time.Com juga undersubscribe. tapi taklah teruk
sangat KAlau tak silap more than 50% jugak. tapi heran napa orang tak
nak beli. kalau dulu berebut orang nak saham baru.
--- "PAS Tg. Aru" <[EMAIL PROTECTED]> wrote:
>
> *~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
> { Sila lawat Laman Hizbi-Net - http://www.hizbi.net }
> { Hantarkan mesej anda ke: [EMAIL PROTECTED] }
> { Iklan barangan? Hantarkan ke [EMAIL PROTECTED] }
> *~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
> PAS : KE ARAH PEMERINTAHAN ISLAM YANG ADIL
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> Assalamu alaikum wrt.
>
> Selamat Raya. Boleh tak mana-mana pakar ekonomi citer
> skit, apa dah jadi dengan terhadap pelabur dan eknomi
> Malaysia sebenarnya. Only 2% suscribe sinmah ni apa ke
> mende ni ? what happend actually ?
>
>
http://biz.thestar.com.my/news/story.asp?file=/2001/3/6/business/06b01sin&sec=business
>
> Tuesday, March 6, 2001
> Sinnmah rights issue undersubscribed by 98%
>
> By P.W. THONG
> Poultry processing group Sinmah Resources Bhd has
> suffered a major setback in its corporate fund raising
> exercise. Its rights issue of 148.18 million shares
> with free warrants has been undersubcribed by nearly
> 98%.
>
> The underscription was largely due to the inability of
> the second board company's major shareholder FCH
> Holdings Sdn Bhd to subscribe for its entitled portion
> of 81.39 million rights shares.
>
> Consequently, its managing underwriter HLG Securities
> Sdn Bhd has declined to take up all unsubscribed
> rights shares totalling 144.93 million units, leading
> to the non-completion of the rights issue exercise.
>
> The underwriting commitment had been conditional upon
> FCH subscribing for its portion of the rights shares.
>
> However, Sinmah's earlier completed acquisition of
> Linggi Agriculture Sdn Bhd and Brightfield Land--which
> was approved by shareholders last August--will proceed
> as it was not conditional on the completion of the
> rights issue exercise.
>
> Perdana Merchant Bankers Bhd said in a statement on
> behalf of Sinmah that as at the closing date last
> Friday, applications for only 3.25 million or 2.19% of
> the total 148.18 million rights shares had been
> received.
>
> This meant that 144.93 million of the rights shares
> were not taken up, representing an undersubcription
> rate of 97.8%.
>
> The rights shares were priced at RM1 each and made
> available on the basis of 4 new shares with 2 free
> detachable warrants for every existing share held.
>
> The proceeds were to be used to repay bank borrowings
> and reduce the group's gearing, which was 3.49 times
> as at Jan 31.
>
> The statement said FCH was unable to subscribe for its
> rights entitlement due to the diminution in the value
> of the collateral required for the financing of its
> subscription owing to the weak market sentiment.
>
> FCH has proposed to compensate Sinmah shareholders and
> those who subscribed for the rights issue with an
> interest payment of 10% per annum on monies received
> by Sinmah in relation to the rights issue, and all the
> incidental costs incurred during the right issue
> exercise such as bank commission, stamp duty and
> postage.
>
> The interest payment is to be calculated from the date
> of the cashier's order, banker's draft, postal order
> or money order up to the date of refund.
>
> In view of the non-completion of the rights issue
> exercise, the statement said, FCH had notified Sinmah
> that it was considering other alternatives in order to
> restore the financial and equity condition of the
> company.
>
> The statement said that in implementing any
> alternative options to substitute for the rights
> issue, the Sinmah board would consider the rights of
> the company shareholders and those who had subscribed
> for the rights issue.
>
> They would be given a first right of refusal in the
> participation of any alternative scheme implemented by
> the company.
>
> Sinmah shares saw no trading on the KLSE yesterday.
> The counter was last traded at 82 sen last Friday
>
>
> __________________________________________________
> Do You Yahoo!?
> Get email at your own domain with Yahoo! Mail.
> http://personal.mail.yahoo.com/
>
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> ( Melanggan ? To : [EMAIL PROTECTED] pada body : SUBSCRIBE HIZB)
> ( Berhenti ? To : [EMAIL PROTECTED] pada body: UNSUBSCRIBE HIZB)
> ( Segala pendapat yang dikemukakan tidak menggambarkan )
> ( pandangan rasmi & bukan tanggungjawab HIZBI-Net )
> ( Bermasalah? Sila hubungi [EMAIL PROTECTED] )
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> Pengirim: "=?iso-8859-1?q?PAS=20Tg.=20Aru?=" <[EMAIL PROTECTED]>
__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
( Melanggan ? To : [EMAIL PROTECTED] pada body : SUBSCRIBE HIZB)
( Berhenti ? To : [EMAIL PROTECTED] pada body: UNSUBSCRIBE HIZB)
( Segala pendapat yang dikemukakan tidak menggambarkan )
( pandangan rasmi & bukan tanggungjawab HIZBI-Net )
( Bermasalah? Sila hubungi [EMAIL PROTECTED] )
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Pengirim: Pabiyen Sitok <[EMAIL PROTECTED]>
