PROPOSED BONUS ISSUE OF 53,265,600 NEW ORDINARY SHARES OF RM0.50 EACH IN HIC (“BONUS SHARES”)

PROPOSED BONUS ISSUE OF 53,265,600 NEW ORDINARY SHARES OF RM0.50 EACH IN HIC (“BONUS SHARES”)
20 Aug 2010

Type

Announcement

Subject

HELP INTERNATIONAL CORPORATION BERHAD (“HIC” OR “COMPANY”)

(I) PROPOSED BONUS ISSUE OF 53,265,600 NEW ORDINARY SHARES OF RM0.50 EACH IN HIC (“BONUS SHARES”) ON THE BASIS OF THREE (3) BONUS SHARES FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM0.50 EACH AT PAR HELD IN HIC (“HIC SHARES” OR “SHARES”) (“PROPOSED BONUS ISSUE”);

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF HIC FROM RM50,000,000 COMPRISING 100,000,000 SHARES TO RM250,000,000 COMPRISING 500,000,000 SHARES (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”); AND

(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF HIC (“PROPOSED AMENDMENTS”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Contents

Announcement Details :

We refer to the announcement dated 19 July 2010 in respect of the Proposals (“Announcement”). Unless otherwise stated, defined terms used in this announcement shall carry the same meanings as defined in the Announcement.

On behalf of the Board of Directors of HIC, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 20 August 2010 approved the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.

This announcement is dated 20 August 2010.

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