|
|
No. of shares |
|
Existing |
2 |
|
To be issued pursuant to:- |
|
|
Proposed Share Swap |
3,037,591 |
|
Proposed Equine Acquisition |
110,000,000 |
|
Proposed Repayment |
24,962,409 |
|
Proposed Rights Issue |
27,338,319 |
|
|
165,338,321 |
|
Assuming full conversion of the ECB ICULS, ECB RCSLS A and ECB RCSLS B |
137,500,000 |
|
Enlarged share capital |
302,838,321 |
Note:-
All definitions used are as defined in our announcement dated 6 December 2001.
Table 2 – Proforma NTA of the KLIH Group
|
|
Audited as at 31.03.2001 RM'000 |
After Proposed Capital Reduction and Consolidation(1) RM'000 |
|
Share capital |
303,759 |
3,038 |
|
Share premium |
182,840 |
- |
|
Revaluation reserve |
5,191 |
3,521 |
|
Capital reserve |
400 |
400 |
|
Accumulated losses |
(862,956) |
(354,145) |
|
Shareholders' deficit |
(370,766) |
(347,186) |
|
No. of ordinary shares in issue ('000) |
303,759 |
3,038 |
|
NTA per share (RM) |
N/A |
N/A |
Note:-
(1) Including the effects of the disposal of The People's Insurance Company (Malaysia) Berhad. The rest of the steps in the Proposal are reflected in the proforma effects on the ECB Group.
Table 3 – Proforma NTA of the ECB Group
Notes:-
(1) Two (2) ordinary shares of RM1.00 each.
(2) After taking into consideration estimated expense relating to the exercise of approximately RM4 million.
(3) Based on the enlarged share capital of ECB after the full conversion of the ECB ICULS but before conversion of the ECB RCSLS A and ECB RCSLS B as per Malaysian Accounting Standards Board Standard 24 ("MASB 24").
Table 4 – Proforma shareholdings structure of ECB
|
After Proposed Incorporation |
(A)
After Proposed Share Swap |
(B)
After (A) and Proposed Equine Acquisition and Proposed Debt Restructuring |
(C)
After (B) and Proposed Rights Issue |
(D)
After (C) and conversion of ECB RCSLS A, ECB RCSLS B and ECB ICULS |
||||||
|
RM'000 |
% |
RM'000 |
% |
RM'000 |
% |
RM'000 |
% |
RM'000 |
% |
|
|
Tan Sri Dato' Seri Teong Teck Leng (1) |
- |
- |
660 |
21.72 |
660 |
0.48 |
6,600(4) |
3.99 |
6,600 |
2.18 |
|
Rahman Hydraulic Tin Berhad (1) |
- |
- |
570 |
18.77 |
570 |
0.41 |
5,705(4) |
3.45 |
5,705 |
1.88 |
|
Other existing shareholders of KLIH |
- |
- |
1,808 |
59.51 |
1,808 |
1.31 |
18,071(4) |
10.93 |
18,071 |
5.97 |
|
Equine Vendors |
- |
- |
- |
- |
110,000 |
79.71 |
110,000 |
66.53 |
199,000 |
65.71 |
|
Unsecured creditors of KLIH |
-(2) |
100.00 |
-(2) |
-(3) |
24,962 |
18.09 |
24,962 |
15.10 |
73,462 |
24.26 |
|
-(2) |
100.00 |
3,038 |
100.00 |
138,000 |
100.00 |
165,338 |
100.00 |
302,838 |
100.00 |
|
Notes:-
(1)
Based on their shareholding as at 30 November 2001.(2)
Two ordinary shares of RM1.00 each.(3)
Less than 0.01%..(4)
Assuming the existing shareholders of KLIH subscribing for their rights entitlement in full.