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Saturday, March 1, 2008

Company Announcement: BSA INTERNATIONAL BERHAD

PROPOSED RENOUNCEABLE RIGHTS ISSUE COMPRISING UP TO 72,600,000 NEW ORDINARY SHARES OF RM0.50 EACH IN BSA ("RIGHTS SHARES") TOGETHER WITH 72,600,000 FREE DETACHABLE TWO AND A HALF (2.5) - YEAR IRREDEEMABLE EXCHANGEABLE CONVERTIBLE PREFERENCE SHARES OF RM0.10 EACH (“IECPS”) ON THE BASIS OF ONE (1) RIGHTS SHARE TOGETHER WITH ONE (1) FREE DETACHABLE IECPS FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH HELD IN BSA (“BSA SHARES”) AT AN ENTITLEMENT DATE TO BE DETERMINED (“PROPOSED RIGHTS ISSUE WITH IECPS”)

(KLSE 28-2-2008)