WCT
Offer for Sale
| WCT HOLDINGS BERHAD |
| Entitlement subject | Offer for Sale |
| Type | Non-renounceable |
| Entitlement description | Proposed restricted offer for sale of up to 194,862,500 units in Paradigm Real Estate Investment Trust ("Restricted Offer Units") by WCT Hartanah Jaya Sdn Bhd to the shareholders of WCT Holdings Berhad ("WCTH") on the basis of 1 Restricted Offer Unit for every 8 existing ordinary shares in WCTH held on the entitlement date ("Proposed Restricted Offering") |
| Ex-Date | 13 May 2025 |
| Entitlement date | 14 May 2025 |
| Entitlement time | 5:00 PM |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 14 May 2025 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new
shares/securities issued (units) (If applicable) |
|
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Despatch Date | |
| Date for announcement of final subscription result and basis of allotment of excess Rights Securities | |
| Allow Excess Application | Yes |
| Last Date and Time for | |
| Acceptance and Payment | 23 May 2025 05:00 PM |
| Excess Share Application and Payment | 23 May 2025 05:00 PM |
| Excess Application Period | 16 May 2025 to 23 May 2025 |
| Available/Listing Date | 10 Jun 2025 |
| Entitlement indicator | Ratio |
| Entitlement Details | |
| Company Name | Paradigm Real Estate Investment Trust |
| Entitlement | Units |
| Ratio (New:Existing) | 1.0000 : 8.0000 |
| Rights Issue / Offer Price | Malaysian Ringgit (MYR) 0.0000 |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
| Remarks : |
PROPOSED ESTABLISHMENT AND LISTING OF PARADIGM REAL ESTATE INVESTMENT TRUST ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("PROPOSED REIT ESTABLISHMENT AND LISTING")
(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the announcements dated 3 July 2024, 18 September 2024, 19 November 2024, 3 March 2025, 5 March 2025, 11 March 2025, 13 March 2025, 25 March 2025, 4 April 2025, 9 April 2025, 14 April 2025 and 21 April 2025 in relation to the Proposed REIT Establishment and Listing ("Announcements"))
Reference is made to the Announcements.
The last date and time for acceptance and payment as well as the listing date set out above are tentative only and may be subject to change. An announcement on the timetable for the Proposed Listing will be made in due course by Paradigm REIT.
The Proposed Restricted Offering is non-renounceable and non-tradeable, and is to be offered solely based on the contents of the prospectus to be issued by Paradigm REIT ("Prospectus").
The Prospectus together with the accompanying Notice of Provisional Offer and Offer Acceptance Form (collectively, the "Documents") will be despatched to the entitled shareholders of WCTH whose names appear in the Record of Depositors ("ROD") of WCTH as at 5.00 pm on 14 May 2025 ("Entitled Shareholders") at their addresses in Malaysia as shown in the ROD or at the addresses in Malaysia provided by them by 5.00 pm on 14 May 2025 to Bursa Depository.
The Entitled Shareholder may only exercise their rights in respect of the Proposed Restricted Offering to the extent that it would be lawful to do so. The Entitled Shareholders may fully or partially subscribe for their entitlement to the Restricted Offer Units by paying the full Retail Price for their subscriptions. For the avoidance of doubt, should the Entitled Shareholders choose not to fully or partially subscribe for their entitlements to the Restricted Offer Units, they will not receive any cash for their entitlements under the Proposed Restricted Offering and their entitlement to the Restricted Offer Units will then be made available for Excess Restricted Offer Units Applications.
The Documents are not intended to be and will not be issued, circulated or distributed in any jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Proposed Restricted Offering and the Documents comply with the laws of any countries or jurisdictions other than Malaysia.
This announcement is dated 28 April 2025. |
Announcement Info
| Company Name | WCT HOLDINGS BERHAD |
| Stock Name | WCT |
| Date Announced | 28 Apr 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-27042025-00001 |
| Corporate Action ID | MY250427PRIO0001 |