Subject | INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF FARM PRICE HOLDINGS BERHAD ("FARM PRICE HOLDINGS" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 102,000,000 NEW ORDINARY SHARES IN FARM PRICE HOLDINGS ("FARM PRICE HOLDINGS SHARES" OR "SHARES") IN THE FOLLOWING MANNER: (A) 22,500,000 NEW FARM PRICE HOLDINGS SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 11,250,000 NEW FARM PRICE HOLDINGS SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF FARM PRICE HOLDINGS; AND (C) 68,250,000 NEW FARM PRICE HOLDINGS SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (II) OFFER FOR SALE OF 33,000,000 EXISTING FARM PRICE HOLDINGS SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AT AN IPO PRICE OF RM0.24 PER SHARE, PAYABLE IN FULL UPON APPLICATION. |