Tomei Consolidated is allocating 18,608,000 IPO Shares from its listing of YX Precious Metal which is scheduled to be listed on the Ace Market to its existing shareholder under the Restricted Offering.
Under this scheme, each entitled shareholder of Tomei who applies for at least 100 IPO Shares is guaranteed an allocation of 100 IPO Shares (this is to minimise the incidence of odd lots) and any such balance of IPO Shares after the allocation under item will be allocated to the entitled shareholders of Tomei who applied in excess of 100 IPO Shares on a pro-rata basis.
The jewelry brand also states that in the event there are any balance IPO Shares under the Restricted Offering after the above sequence of processes they will be allocated repeatedly until all IPO Shares are allocated.
It has added that the entitlement to participate in the Restricted Offering is non-renounceable and non-tradable. The application period and the last date of acceptance and payment, as well as the listing date set out above, are tentative only and may be subject to change. The final offer price for the Restricted Offering will be set out in the Prospectus to be issued in due course.
In addition, Tricor Investor & Issuing House Services Sdn Bhd, the existing issuing house of YXPM, has been appointed by Tomei to manage the applications of IPO Shares by the Entitled Shareholders of Tomei under the Restricted Offering.
YX Precious Metal will be listed on ACE Market with an offer price of RM0.28.
