Announcement Details/Table Section :
Reference is made to the Company's
announcements dated 29 June 2011, 6 October
2011, 10 October 2011, 24 October 2011, 1
November 2011, 3 November 2011, 18 November
2011, 5 December 2011, 7 December 2011 and 30
December 2011 in relation to, inter alia, the
Rights Issue.
On behalf of the Board of Directors of YHB
("Board"), AmInvestment Bank Berhad (a member
of AmInvestment Bank Group) wishes to announce
that the Board has resolved to fix the
followings:-
(i) the first call price of RM0.75 per Rights
Share shall be payable in full on application
in cash; and
(ii) the second call of RM0.25 per Rights Share
shall be capitalised from the Company's share
premium and retained earnings accounts.
The subscribing entitled shareholders of YHB
will not be required to make any further cash
payment after the payment for the first
call.
The issue price of RM1.00 per Rights Share and
first call price of RM0.75 per Rights Share
were determined by the Board after taking into
consideration amongst others, the prevailing
market condition and market price of YHB Shares
as well as the adequacy of reserves for
capitalisation, funding requirements of YHB and
its subsidiaries, the theoretical ex-rights
price ("TERP") of YHB Shares, the par value of
YHB Shares and an appropriate discount to the
TERP.
The first call price of RM0.75 per Rights Share
represents a discount of 40.94% from the TERP
of YHB Shares of RM1.27, based on the five
(5)-day volume weighted average market price of
YHB Shares of RM2.06 up to and including 9
January 2012, being the last trading day prior
to this announcement.
The Board is of the view that a discount of
more than 30% to the TERP will provide
shareholders of YHB with an attractive
opportunity to increase their participation in
the Company.
This announcement is dated 10 January 2012.