FRONTKEN CORPORATION BERHAD ("FCB" OR "COMPANY")
(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 288,973,760 NEW ORDINARY SHARES
OF RM0.10 EACH IN FCB (FCB SHARES) (RIGHTS SHARES) AT AN ISSUE PRICE OF RM0.11
PER RIGHTS SHARE TOGETHER WITH UP TO 288,973,760 FREE NEW DETACHABLE WARRANTS
(WARRANTS) ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH TWO (2) WARRANTS
FOR EVERY FIVE (5) EXISTING FCB SHARES HELD ON AN ENTITLEMENT DATE TO BE
DETERMINED LATER (PROPOSED RIGHTS ISSUE);
(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY (PROPOSED
INCREASE IN THE AUTHORISED SHARE CAPITAL); AND
(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE
COMPANY (PROPOSED AMENDMENTS)
(COLLECTIVELY REFERRED TO AS THE PROPOSALS)
We refer to the earlier announcements.
On behalf of the Board of Directors of FCB, AFFIN Investment Bank Berhad (AFFIN
Investment) is pleased to announce that FCB had on 27 January 2010, entered
into an underwriting agreement with AFFIN Investment for the underwriting of
RM15,000,000 comprising 136,363,636 ordinary shares of RM0.10 each in FCB
together with 288,973,760 Warrants at an issue price of RM0.11 per share.
This announcement is dated 27 January 2010.