Rights Issue

BINASTRA CORPORATION BERHAD

Entitlement subject Rights Issue
Type Renounceable
Entitlement description 
RENOUNCEABLE RIGHTS ISSUE OF 45,250,000 NEW ORDINARY SHARES IN BINASTRA CORPORATION BERHAD ("BINASTRA" OR "COMPANY") ("BINASTRA SHARES(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.80 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 10 EXISTING BINASTRA SHARES HELD AS AT 5.00 P.M. ON 9 April 2024 ("RIGHTS ISSUE")
Ex-Date 08 Apr 2024
Entitlement date 09 Apr 2024
Entitlement time 5:00 PM
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 09 Apr 2024
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)		 45,250,000
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.8000
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name 
BINASTRA CORPORATION BERHAD
Entitlement Ordinary Rights
Ratio (New:Existing) 1.0000  : 10.0000
Rights Crediting Date 09 Apr 2024
Fractional Entitlement Round Down / Fraction Disregard
Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,
No. 8, Jalan Kerinchi
59200 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Tel:0327839299
Fax:0327839222


Remarks : 
The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form in relation to the Rights Issue (collectively referred to as the "Documents") will only be despatched to the shareholders whose names appear in Binastra's Record of Depositors as at 5.00 p.m. on 9 April 2024 ("Entitlement Date") ("Entitled Shareholders") at their registered address in Malaysia or who have provided the share registrar, Tricor Investor & Issuing House Services Sdn. Bhd., with a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date.

Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Tricor Investor & Issuing House Services Sdn Bhd to effect the change of address by the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated, distributed in any countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue and the Documents comply with the law of any countries or jurisdictions other than the laws of Malaysia.

This announcement is dated 25 March 2024.

Announcement Info

Company Name BINASTRA CORPORATION BERHAD
Stock Name BNASTRA
Date Announced 25 Mar 2024
Category Entitlement(Notice of Book Closure)
Reference Number ENT-06032024-00005
Corporate Action ID MY240306RHDI0001