Initial Public Offering (IPO)

Initial Public Offering (IPO)
Reference No JM-090629-33087

Company Name:HANDAL RESOURCES BERHAD
Stock Name :N/A
Date Announced:29/06/2009




Subject:PUBLIC ISSUE OF 18,500,000 NEW ORDINARY SHARES OF RM0.50 EACH IN HANDAL RESOURCES BERHAD AT AN ISSUE PRICE OF RM0.72 PER SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING:-

• 6,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

• 4,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

• 8,500,000 NEW ORDINARY SHARES OF RM0.50 EACH BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INVESTORS; AND

OFFER FOR SALE OF 6,000,000 ORDINARY SHARES OF RM0.50 EACH IN HANDAL RESOURCES BERHAD AT AN OFFER PRICE OF RM0.72 PER SHARE PAYABLE IN FULL UPON APPLICATION TO IDENTIFIED INVESTORS

IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF HANDAL RESOURCES BERHAD ON THE SECOND BOARD OF BURSA MALAYSIA SECURITIES BERHAD