28 Oct 2015 16:45
28 October 2015
Resource Holding Management Limited
("RHM" or the "Company")
Update Regarding PUCF Rights Issue
Further to the announcements made by the Company dated 12 October 2015, 11 September 2015 and 10 August 2015, the Board of RHM (AIM:RHM) notes the announcement made today by PUCF Founder (MSC) Berhad ("PUCF"). RHM's wholly owned subsidiary, RedHot Media International Limited ("RMIL"), currently holds 443,168,402 ordinary shares in PUCF which represents 41.58% of PUCF's issued share capital and 36,215,840 warrants to subscribe for new PUCF shares.
Today's announcement by PUCF states that PUCF has submitted applications to the Securities Commission Malaysia and Bursa Malaysia Securities Berhad in relation to PUCF's proposed rights issue of three year, 4% irredeemable convertible unsecured loan stock (the "PUCF Rights Issue") and the proposed admission of the aforementioned loan stock and associated securities to the ACE Market of Bursa Securities.
A copy of the announcement made today by PUCF can be found here:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4905081
RHM will make further announcements as appropriate.
For further information please contact:
Resource Holding Management Limited | |
Cheong Chia Chieh | Tel: +852 8192 6166
|
Allenby Capital Limited (Nominated Adviser and Broker) | Tel: +44 (0)203 328 5656 |
Nick Athanas / Alex Brearley |