News

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Abridged Prospectus issued by QL dated 14 February 2014 in relation to the Rights Issue. 

We refer to the previous announcements as well as the Abridged Prospectus issued by QL dated 14 February 2014 in relation to the Rights Issue. 

On behalf of the Board, RHB Investment Bank wishes to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 5 March 2014, the Rights Shares have been oversubscribed by 17.80% over the total number of 166,403,924 Rights Shares available for subscription under the Rights Issue. 

The details of the acceptances and excess applications received as at the last time and date of acceptance and payment for the Rights Issue being 5.00 p.m. on 5 March 2014, are set out in the table below:- 

The Board has approved the basis of allocation for the excess Rights Shares applied for under the Rights Issue in the following priority:-

(i) firstly, to minimise the incidence of odd lots; 

(ii) secondly, for allocation to Entitled Shareholders who have applied for excess Rights Shares, on a pro-rata basis and in board lots, calculated based on their respective shareholdings as at the Entitlement Date; 

(iii) thirdly, for allocation to the Entitled Shareholders who have applied for excess Rights Shares, on a pro-rata basis and in board lots calculated based on the quantum of their respective excess Rights Shares application for; and 

(iv) fourthly, for allocation to transferee(s) and/or renouncee(s) who have applied for excess Rights Shares, on a pro-rata basis and in board lots, calculated based on the quantum of their respective excess Rights Shares application. 

This announcement is dated 12 March 2014.