UPdates on HOVID

General AnnouncementReference No OD-071211-68296
Submitting Merchant Bank
:
HWANG-DBS INVESTMENT BANK BERHAD
Company Name
:
HOVID BERHAD
Stock Name
:
HOVID
Date Announced
:
11/12/2007
Type
:
Announcement
Subject
:
HOVID BERHAD (“Hovid”)Renounceable rights issue of up to 419,144,000 five (5)-year warrants 2008/2013 (“Warrants”) on the basis of one (1) Warrant for every two (2) ordinary shares of RM0.10 each in Hovid held at 5.00 p.m. on 27 December 2007Contents :On behalf of the Board of Directors of Hovid (“Board”), HwangDBS Investment Bank Berhad (formerly known as Hwang-DBS Investment Bank Berhad) (formerly known as Hwang-DBS Securities Berhad) would like to announce that the Board has fixed the exercise price of the Warrants at RM0.37 per share.This announcement is dated 11 December 2007.