Kuala Lumpur, 11 September 2014 – Maybank Investment Bank Berhad (“Maybank IB”) has issued six new European style cash-settled call warrants (“CW”) over ordinary shares of 7-Eleven Malaysia Holdings Berhad (“SEM”), GD Express Carrier Berhad (“GDEX”), Globetronics Technology Berhad (“GTRONIC”), Karex Berhad (“KAREX”) and Scomi Energy Services Berhad (“SCOMIES”). The warrants are listed with an issue size of 100 million each.
This tranche offers sophisticated investors fresh opportunities to gain leveraged exposure to a range of sectors through Maybank IB. SEM-CA, SEM-CB, GDEX-CA, GTRONIC-CC and SCOMIES-CC are the first structured warrants to be listed by Maybank IB over these companies. SEM-CA and GDEX-CA are the first ever warrants to be issued over SEM and GDEX. With exposure to the convenience store, courier service, semiconductor, condom manufacturing as well as oil and gas sectors, sophisticated investors who want to gain leveraged exposure from these sectors may choose to trade in these new warrants.
SEM, which was listed in 30 May 2014, will invest a major portion of the proceeds raised to open 200 new convenience stores and refurbish the convenience stores they currently have. It will also upgrade its information technology system with the proceeds. SEM will focus on growth and open approximately 600 stores from 2014 to 2016.
The call warrants have the following gearings, SEM-CA (3.05x), SEM-CB (3.05x), GDEX-CA (3.70x), GTRONIC-CC (3.23x), KAREX-CD (3.81x) and SCOMIES-CC (3.18x). The tenure of all six CWs is approximately 12 months.
The terms and conditions of the above call warrants are stated in their respective term sheets and investors should read the term sheets together with the Base Page 2 of 3 Prospectus dated 2 October 2013, the First Supplementary Base Prospectus dated 15 January 2014 and the Second Supplementary Base Prospectus dated 29 April 2014.