News

We refer to the announcements dated 11 September 2017, 29 September 2017, 16 October 2017, 22 December 2017 and 29 December 2017 (“Announcements”).

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

On behalf of the Board, Affin Hwang IB wishes to announce that the offer price of new PIL Shares under the Proposed Share Offer pursuant to the Proposed Listing has been fixed on 12 January 2018 at HKD1.00 per PIL Share (equivalent to RM0.51 based on the exchange rate of HKD100 : RM51.0141, being the closing exchange rate on 11 January 2018 as published by Bank Negara Malaysia).

The Proposed Share Offer involves an offer of 368,000,000 PIL Shares for subscription by way of public offer and placement to the public and selected professional, institutional and other investors respectively, comprising the following:

(i) public issue of 192,000,000 new PIL Shares comprising 36,800,000 new PIL Shares under public offer and 155,200,000 new PIL Shares under placement; and

(ii) offer for sale of 176,000,000 existing PIL Shares to be offered by PCB under placement.

An announcement of the allocation results had been made on the website of the SEHK and dealings in the PIL Shares on the Main Board of the SEHK are expected to commence at 9:00a.m. on Friday, 19 January 2018.

This announcement is dated 18 January 2018.