Well Chip Group fixes rights issue price at RM1.00, a discount to market
Well Chip Group Berhad fixed the issue price for its renounceable rights issue of new ordinary shares at RM1.00 per share, aiming to raise a minimum of RM60.83 million. The price represents a discount of approximately 14.00% to the theoretical ex-rights price (TERP) of RM1.1628 per share.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING WELL CHIP GROUP BERHAD ("WELL CHIP" OR THE "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN WELL CHIP Well Chip Group Berhad Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description WELL CHIP GROUP BERHAD ("WELL CHIP" OR THE "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN WELL CHIP We refer to the announcements dated 5 June 2026, 21 July 2026, 29 July 2026, 13 August 2026, 3 September 2026 and the Company's circular to its shareholders dated 14 August 2026 in relation to the Proposed Rights Issue ("Circular").
(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Circular). 00, after taking into consideration, amongst others, the following: 1. 83 million to be raised from the Proposed Rights Issue. 00 per Rights Share to ensure that the minimum gross proceeds required for the utilisation of proceeds of the Rights Issue can be achieved based on the Minimum Subscription Level; and 2.
00 per Rights Share. 1953 up to and including 18 September 2026, being the last market day immediately preceding the Price-Fixing Date. This announcement is dated 21 September 2026. Announcement Info Company Name WELL CHIP GROUP BERHAD Stock Name WELLCHIP Date Announced 21 Sep 2026 Category General Announcement for PLC Reference Number GA1-21092026-00062