INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF WELLSPIRE HOLDINGS BERHAD ("WELLSPIRE" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 124,600,000 NEW ORDINARY SHARES IN WELLSPIRE ("PUBLIC ISSUE SHARES") IN THE FOLLOWING MANNER: - 36,000,000 PUBLIC ISSUE SHARES FOR APPLICATION BY THE MALAYSIAN PUBLIC; - 10,000,000 PUBLIC ISSUE SHARES FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND - 78,600,000 PUBLIC ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; (II) OFFER FOR SALE OF 124,600,000 EXISTING ORDINARY SHARES IN WELLSPIRE ("OFFER SHARES") BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AT AN ISSUE/ OFFER PRICE OF RM0.23 PER PUBLIC ISSUE SHARE/ OFFER SHARE PAYABLE IN FULL UPON APPLICATION

Subject INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF WELLSPIRE HOLDINGS BERHAD ("WELLSPIRE" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 124,600,000 NEW ORDINARY SHARES IN WELLSPIRE ("PUBLIC ISSUE SHARES") IN THE FOLLOWING MANNER: - 36,000,000 PUBLIC ISSUE SHARES FOR APPLICATION BY THE MALAYSIAN PUBLIC; - 10,000,000 PUBLIC ISSUE SHARES FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND - 78,600,000 PUBLIC ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; (II) OFFER FOR SALE OF 124,600,000 EXISTING ORDINARY SHARES IN WELLSPIRE ("OFFER SHARES") BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AT AN ISSUE/ OFFER PRICE OF RM0.23 PER PUBLIC ISSUE SHARE/ OFFER SHARE PAYABLE IN FULL UPON APPLICATION

Please refer attachment below.

Announcement Info

Attachments

1. Wellspire_-_Detailed_Procedures_for_Application_and_Acceptance.pdf (Size: 446,299 bytes)
2. Wellspire_Holdings_Berhad_-_Prospectus_-_Part_1.pdf (Size: 2,555,323 bytes)
3. Wellspire_Holdings_Berhad_-_Prospectus_-_Part_2.pdf (Size: 2,653,782 bytes)
4. Wellspire_Holdings_Berhad_-_Prospectus_-_Part_3.pdf (Size: 2,461,710 bytes)