JurTech   

Rights issue at $0.370

JURONG TECHNOLOGIES INDUSTRIAL CORPN. LTD. ("Company")

 

Renounceable Underwritten Rights Issue of up to 140,222,964 new ordinary shares in the capital of the Company at an issue price of $0.37 for each Rights Share, on the basis of three (3) Rights Shares for every ten (10) existing ordinary shares held

 

HP Short Name             Tradeable Board Lots

 

JurTech R                      One board lot will comprise entitlements to subscribe for 1,000 Rights Shares at S$0.37 per Rights Share.

 

 

JurTech R300                One board lot will comprise entitlements to subscribe for 300 Rights Shares at S$0.37 per Rights Share.

 

 

 

1	Rights to commence trading	26 November 2007
2	Last date for trading of Rights in the Ready and Unit Share Markets	4 December 2007
3	Last date and time for acceptance, renunciation, excess application and payment	10 December 2007   (ATM: at 9.30 p.m.)   (Form: at 4.45 p.m.)
4	Rights to cease trading in the Buying-In Market	11 December 2007

 

another company screwed up by the rights issue...

rights issue are for math genius, ha ha..

 

Additional Information on 3Q07 results announcement In 3Q07, the Company's Fixed Assets increased to S$124 million from S$60 million in 2Q07. This was due to plant expansion in Malaysia and Brazil in anticipation of increasing orders for its PCBA services for handsets and PC mother boards, assembly of accessories and complete box build for new wireless products. During the same period, the Company also acquired SMT equipment that was previously on lease.

 

BOOKS CLOUSURE DATE - RIGHTS

 

Share Transfer Books of the

Company will be closed at 5.00 p.m. on 21 November 2007 (?

including 22 November 2007 (both dates inclusive), to determine the provisional allotments of

Rights SharesBooks Closure Date?) up to and

 

The Board of Directors (the ?Board?) of Jurong Technologies Industrial Corpn. Ltd (the ?Company? or the ?Purchaser?) wishes to announce that it has entered into a sale and purchase agreement with Lim Kay Kwang (the ?Vendor?), the sole proprietor of the business known as Maho Engineering & Trading (?Maho?) for the acquisition of the goodwill of the business of Maho together with all the fixed assets and equipment (the ?Assets?).

Terms of the Acquisition

The consideration for the Assets will be S$600,000.00 to be satisfied by the Purchaser as follows:

(i) S$550,000.00 by the allotment or transfer of 601,000 shares in the Company (the ?Consideration Shares?); and

(ii) S$50,000.00 by way of a crossed cheque made payable to the Vendor.

The issuance of the shares is subject to the approval of the SGX-ST to the listing and quotation of such shares on the SGX-ST.

 

The Board of Directors (the ?Board?) of Jurong Technologies Industrial Corpn. Ltd (the ?Company?) refers to its announcement posted on the SGXNET on 27 September 2007 (the ?Announcement?) in relation to the proposed renounceable underwritten rights issue of up to 140,042,664 new Shares in the capital of the Company (the ?Rights Shares?) at an issue price of S$0.37 for each Rights Share on the basis of three (3) Rights Shares for every ten (10) existing shares in the capital of the Company (?Shares?) held as at the books closure date to be determined (?Books Closure Date?), fractional entitlements to be disregarded (the ?Proposed Rights Issue?). The Board wishes to provide the following additional information:

2. TERMS OF THE PROPOSED RIGHTS ISSUE

(i) The maximum number of Rights Shares to be issued and allotted pursuant to the Proposed Rights Issue will be up to 140,222,964 Rights Shares instead of up to 140,042,664 Rights Shares.

(ii) The initial figure of 140,042,664 Rights Shares was calculated based on the enlarged share capital of 466,808,879 Shares derived from the following:-

(a) existing issued and paid-up share capital of 463,435,546 Shares as at the date of the Announcement;

(b) 3,333,333 Shares to be issued in connection with the acquisition of 75% of i-Sirius Pte Ltd (?

(c) 40,000 outstanding and vested share options,

(iii) Subsequent to the Announcement, the Company has announced that it will, in connection with the acquisition of the business and certain fixed assets of Maho Engineering & Trading, issue 601,000 Shares, subject to the approval of the SGX-ST to the listing and quotation of the 601,000 Shares acquisition.

As a result of above share issuances, the enlarged share capital will be increased to 470,409,879 Shares.

(iv) Therefore, based on the above, the maximum number of Rights Shares is accordingly amended to up to 140,222,964 Rights Shares.i-Sirius?), as announced on 10 July 2007;

 

Terms of the Acquisition The consideration for the Assets will be S$600,000.00 to be satisfied by the Purchaser as follows: (i) S$550,000.00 by the allotment or transfer of 601,000 shares in the Company (the ?Consideration Shares?); and (ii) S$50,000.00 by way of a crossed cheque made payable to the Vendor. Value of JurTech is good leh?????????? Cheongggggg

 

I hope it can drop tomorrow then I have chance to collect 20 lots....

Yes, I think this lagging counter of STI components should "rebound" anytime soon.

 

I am speculating that the rights issue will bring the share price back to 1.00SGD+ in the near future.   *smile*

 

 

 

 

 

thanks suilianglee for the information. I nearly miss this..

Well, looking at the rights share of fiberchem, it is very successful... I think Jurong Tech will be good too.

0.74	10000	7400
0.37	3000	1110
0.654615	13000	8510

based on my calculation based on 0.74 purchase price, your breakeven price will be around 0.65, and indeed the 52 weeks lowest price is 0.65 on Aug 17 crash, so, meaning, if you buy at 0.74, and your price actually will be the lowest in 52 weeks, which is 0.65 ! not a bad bet ! I will love to buy if the price coming down below 0.74..... monday market should come down, but this counter might not come down due to the rights issues, however, they have not announced the ex date, so......

 

10 ordinary entitles 3 rights share.

 

http://info.sgx.com/webcorannc.nsf/d21c0ed0b4a507cf482571b2003641d2/9e2256b6239fe44b482573630037d40f?OpenDocument