TOPVSN News

TOPVSN: PUBLIC OFFERING OF 54,220,000 NEW ORDINARY SHARES IN TOPVISION EYE SPECIALIST BERHAD (TOPVISION) (SHARES) (ISSUE SHARES) IN CONJUNCTION WITH THE TRANSFER OF LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARE CAPITAL OF TOPVISION FROM THE LEAP MARKET TO THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) INVOLVING: (I) INSTITUTIONAL OFFERING OF 33,928,000 ISSUE SHARES TO INSTITUTIONAL AND SELECTED INVESTORS, AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (INSTITUTIONAL PRICE); AND (II) RETAIL OFFERING OF 20,292,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC, ELIGIBLE DIRECTORS, ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF TOPVISION AND ITS SUBSIDIARIES, AT THE RETAIL PRICE OF RM0.33 PER ISSUE SHARE (RETAIL PRICE), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED IN THIS PROSPECTUS) IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (I) THE RETAIL PRICE OF RM0.33 PER IPO SHARE; OR (II) THE INSTITUTIONAL PRICE.

Nov 24 20:12 ET