JURONG TECHNOLOGIES INDUSTRIAL CORPN. LTD. ("Company")

 

Renounceable Underwritten Rights Issue of up to 140,222,964 new ordinary shares in the capital of the Company at an issue price of $0.37 for each Rights Share, on the basis of three (3) Rights Shares for every ten (10) existing ordinary shares held

HP Short Name             Tradeable Board Lots

 

JurTech R                      One board lot will comprise entitlements to subscribe for 1,000 Rights Shares at S$0.37 per Rights Share.

 

JurTech R300                One board lot will comprise entitlements to subscribe for 300 Rights Shares at S$0.37 per Rights Share.

 

including 22 November 2007 (both dates inclusive), to determine the provisional allotments of

Rights SharesBooks Closure Date?) up to and

The Board of Directors (the ?Board?) of Jurong Technologies Industrial Corpn. Ltd (the ?Company?) refers to its announcement posted on the SGXNET on 27 September 2007 (the ?Announcement?) in relation to the proposed renounceable underwritten rights issue of up to 140,042,664 new Shares in the capital of the Company (the ?Rights Shares?) at an issue price of S$0.37 for each Rights Share on the basis of three (3) Rights Shares for every ten (10) existing shares in the capital of the Company (?Shares?) held as at the books closure date to be determined (?Books Closure Date?), fractional entitlements to be disregarded (the ?Proposed Rights Issue?). The Board wishes to provide the following additional information:

2. TERMS OF THE PROPOSED RIGHTS ISSUE

(i) The maximum number of Rights Shares to be issued and allotted pursuant to the Proposed Rights Issue will be up to 140,222,964 Rights Shares instead of up to 140,042,664 Rights Shares.

(ii) The initial figure of 140,042,664 Rights Shares was calculated based on the enlarged share capital of 466,808,879 Shares derived from the following:-

(a) existing issued and paid-up share capital of 463,435,546 Shares as at the date of the Announcement;

(b) 3,333,333 Shares to be issued in connection with the acquisition of 75% of i-Sirius Pte Ltd (?

(c) 40,000 outstanding and vested share options,

(iii) Subsequent to the Announcement, the Company has announced that it will, in connection with the acquisition of the business and certain fixed assets of Maho Engineering & Trading, issue 601,000 Shares, subject to the approval of the SGX-ST to the listing and quotation of the 601,000 Shares acquisition.

As a result of above share issuances, the enlarged share capital will be increased to 470,409,879 Shares.

(iv) Therefore, based on the above, the maximum number of Rights Shares is accordingly amended to up to 140,222,964 Rights Shares.i-Sirius?), as announced on 10 July 2007;