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(i) Proposed Special Bumiputera Issue
(ii) Proposed Free Warrants Issue
(collectively referred to as the "Proposals")

BackDec 27, 2010
Date Announced
:
27/12/2010  




Type
:
Announcement
Subject
:
GD EXPRESS CARRIER BERHAD (“GDEX”)
(i) Proposed Special Bumiputera Issue
(ii) Proposed Free Warrants Issue
(collectively referred to as the “Proposals”)

Contents
:
We refer to the earlier announcements in relation to the Proposals.

On behalf of the Board of Directors of GDEX, Hong Leong Investment Bank Berhad is pleased to announce that the Company has on 27 December 2010 fixed the exercise price for the Free Warrants to be issued pursuant to the Proposed Free Warrants Issue at RM0.585 per Free Warrant.

The exercise price of RM0.585 per Free Warrant represents a premium of approximately 9.30% over the volume weighted average market price of ordinary shares of RM0.10 each in GDEX (“GDEX Shares”) for the 5 market days immediately preceding 27 December 2010 of RM0.5352 per GDEX Share.

This announcement is dated 27 December 2010.

Announcement Details :