HANDAL RESOURCES BERHAD (“HANDAL” OR THE “COMPANY”) (I) (“PROPOSED RIGHTS ISSUE”); (II) (“PROPOSED BONUS ISSUE”); (III) (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”); AND (IV) (“PROPOSED AMENDMENTS”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

HANDAL RESOURCES BERHAD

TypeAnnouncement
SubjectHANDAL RESOURCES BERHAD (“HANDAL” OR THE “COMPANY”)

(I) (“PROPOSED RIGHTS ISSUE”);

(II) (“PROPOSED BONUS ISSUE”);

(III) (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”); AND

(IV) (“PROPOSED AMENDMENTS”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
ContentsWe refer to the above-captioned and the announcement made on 21 September 2010 in relation to the Proposals. Unless otherwise defined, the definitions set out in the previous announcement shall apply herein.

On behalf of the Board of Directors of Handal Resources Berhad (“Handal” or the “Company”) (“Board”), OSK Investment Bank Berhad (“OSK”) wishes to announce that the Board had on 23 December 2010 resolved to revise the basis for the issuance of the Proposed Bonus Issue from 20,000,000 Bonus Shares on the basis of one (1) Bonus Share for every three (3) Rights Shares subscribed, to 10,000,000 Bonus Shares on the basis of one (1) Bonus Share for every six (6) Rights Shares subscribed by the Entitled Shareholders and/or their renouncee(s) on the Entitlement Date (“Revision”).

The details for the revision of the Proposed Bonus Issue are set out in the attachment below.

This announcement is dated 23 December 2010.


Announcement Info

Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL    
Date Announced23 Dec 2010  
CategoryGeneral Announcement
Reference NoOI-101223-59632