FIRST SUPPLEMENTARY BASE PROSPECTUS
Transcript of FIRST SUPPLEMENTARY BASE PROSPECTUS
FIRST SUPPLEMENTARY BASE PROSPECTUS
RELATING TO THE OFFERING OF
STRUCTURED WARRANTS
TO BE ISSUED BY
RHB INVESTMENT BANK BERHAD (COMPANY NO. 197401002639 (19663-P))
(A PARTICIPATING ORGANISATION OF BURSA MALAYSIA SECURITIES BERHAD) (INCORPORATED IN MALAYSIA UNDER THE COMPANIES ACT 2016)
THIS DOCUMENT IS PUBLISHED IN CONNECTION WITH THE OFFERING OF STRUCTURED WARRANTS TO
BE ISSUED FROM TIME TO TIME (WITHIN THE VALIDITY PERIOD OF THE BASE PROSPECTUS WHICH
EXPIRES ON 23 OCTOBER 2020) BY RHB INVESTMENT BANK BERHAD (“ISSUER”).
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS DATED 9 JUNE 2020 AND WILL EXPIRE
ON 23 OCTOBER 2020.
THERE ARE CERTAIN RISK FACTORS WHICH YOU SHOULD CONSIDER. TURN TO SECTION 6 OF THE BASE PROSPECTUS FOR “RISK FACTORS”. YOU ARE ADVISED TO READ AND UNDERSTAND THE
CONTENTS OF THE BASE PROSPECTUS DATED 24 OCTOBER 2019 (“BASE PROSPECTUS”) AND THIS FIRST SUPPLEMENTARY BASE PROSPECTUS. IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL
ADVISER. YOU ARE ADVISED TO READ THIS FIRST SUPPLEMENTAL BASE PROSPECTUS IN CONJUNCTION WITH
THE BASE PROSPECTUS DATED 24 OCTOBER 2019.
Company No. 197401002639 (19663-P)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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RESPONSIBILITY STATEMENTS
OUR DIRECTORS HAVE SEEN AND APPROVED THIS FIRST SUPPLEMENTARY BASE PROSPECTUS AND THEY
COLLECTIVELY AND INDIVIDUALLY ACCEPT FULL RESPONSIBILITY FOR THE ACCURACY OF THE INFORMATION
CONTAINED IN THIS FIRST SUPPLEMENTARY BASE PROSPECTUS AND CONFIRM, HAVING MADE ALL REASONABLE
ENQUIRIES, THAT TO THE BEST OF THEIR KNOWLEDGE AND BELIEF, THERE ARE NO FALSE OR MISLEADING
STATEMENTS OR OTHER FACTS THE OMISSION OF WHICH WOULD MAKE ANY STATEMENT IN THIS FIRST
SUPPLEMENTARY BASE PROSPECTUS FALSE OR MISLEADING.
WE ACKNOWLEDGE THAT, BASED ON ALL AVAILABLE INFORMATION AND TO THE BEST OF OUR KNOWLEDGE AND
BELIEF, THE BASE PROSPECTUS AND THIS FIRST SUPPLEMENTARY BASE PROSPECTUS CONSTITUTE A FULL AND
TRUE DISCLOSURE OF ALL MATERIAL FACTS CONCERNING THE OFFERING.
STATEMENTS OF RISK
YOU ARE WARNED THAT THE PRICE OR LEVEL (AS THE CASE MAY BE) OF THE UNDERLYING FINANCIAL
INSTRUMENTS AND THE PRICE OF THE STRUCTURED WARRANTS MAY FALL IN VALUE AS RAPIDLY AS IT MAY RISE
AND YOU MAY SUSTAIN A TOTAL LOSS OF YOUR INVESTMENT. YOU SHOULD THEREFORE MAKE SURE YOU
UNDERSTAND THE TERMS AND CONDITIONS OF THE STRUCTURED WARRANTS OFFERED, THE RISK FACTORS
INVOLVED, AND WHERE NECESSARY, SEEK PROFESSIONAL ADVICE BEFORE INVESTING IN THE STRUCTURED
WARRANTS.
THE STRUCTURED WARRANTS CONSTITUTE GENERAL UNSECURED CONTRACTUAL OBLIGATIONS OF THE ISSUER
AND OF NO OTHER PERSON. THEREFORE, IF YOU PURCHASE THE STRUCTURED WARRANTS, YOU ARE RELYING ON
THE CREDITWORTHINESS OF THE ISSUER AND HAVE NO RECOURSE/RIGHTS AGAINST THE COMPANY WHICH HAS
ISSUED THE UNDERLYING EQUITIES, THE UNDERLYING EXCHANGE-TRADED FUND, THE SPONSOR OF THE
UNDERLYING INDICES OR ANY COMPANIES FORMING PART OF ANY INDICES TO WHICH THE STRUCTURED
WARRANTS RELATE.
STATEMENTS OF DISCLAIMER
A COPY OF THIS FIRST SUPPLEMENTARY BASE PROSPECTUS HAS BEEN REGISTERED WITH THE SECURITIES
COMMISSION MALAYSIA (“SC”). THE REGISTRATION OF THIS FIRST SUPPLEMENTARY BASE PROSPECTUS SHOULD
NOT BE TAKEN TO INDICATE THAT THE SC RECOMMENDS THE OFFERING OR ASSUMES RESPONSIBILITY FOR THE
CORRECTNESS OF ANY STATEMENT MADE OR OPINION OR REPORT EXPRESSED IN THE BASE PROSPECTUS AND
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS.
THE SC IS NOT LIABLE FOR ANY NON-DISCLOSURE ON OUR PART AND TAKES NO RESPONSIBILITY FOR THE
CONTENTS OF THE BASE PROSPECTUS AND THIS FIRST SUPPLEMENTARY BASE PROSPECTUS, MAKES NO
REPRESENTATION AS TO ITS ACCURACY OR COMPLETENESS AND EXPRESSLY DISCLAIMS ANY LIABILITY
WHATSOEVER FOR ANY LOSS HOWSOEVER ARISING FROM OR IN RELIANCE UPON THE WHOLE OR ANY PART OF
THE CONTENTS OF THE BASE PROSPECTUS AND THIS FIRST SUPPLEMENTARY BASE PROSPECTUS. YOU SHOULD
RELY ON YOUR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN CONSIDERING THE
INVESTMENT, IF YOU ARE IN ANY DOUBT AS TO THE ACTION TO BE TAKEN, YOU SHOULD CONSULT YOUR
STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISERS IMMEDIATELY.
APPROVAL WILL BE OBTAINED FROM BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) FOR THE
LISTING OF AND THE QUOTATION OF THE STRUCTURED WARRANTS BEING OFFERED. ADMISSION OF THE
STRUCTURED WARRANTS TO THE OFFICIAL LIST OF BURSA SECURITIES IS NOT TO BE TAKEN AS AN INDICATION
OF OUR MERITS, THE MERITS OF THE OFFERING, THE STRUCTURED WARRANTS, THE UNDERLYING EQUITIES, THE
UNDERLYING COMPANIES, THE UNDERLYING INDEX, THE UNDERLYING INDEX SPONSOR, THE UNDERLYING ETF OR
THE UNDERLYING ETF ASSETS (AS DEFINED HEREIN).
Company No. 197401002639 (19663-P)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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A COPY OF THIS FIRST SUPPLEMENTARY BASE PROSPECTUS HAS ALSO BEEN LODGED WITH THE REGISTRAR OF
COMPANIES(1). THE REGISTRAR OF COMPANIES TAKES NO RESPONSIBILITY FOR THE CONTENTS OF THIS FIRST
SUPPLEMENTARY BASE PROSPECTUS.
OTHER STATEMENTS
YOU ARE ADVISED TO NOTE THAT RECOURSE FOR FALSE OR MISLEADING STATEMENTS OR ACTS MADE IN
CONNECTION WITH THE BASE PROSPECTUS AND THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS DIRECTLY
AVAILABLE THROUGH SECTIONS 248, 249 AND 357 OF THE CAPITAL MARKETS AND SERVICES ACT 2007 (“CMSA”).
SECURITIES LISTED ON BURSA SECURITIES ARE OFFERED TO THE PUBLIC PREMISED ON FULL AND ACCURATE
DISCLOSURE OF ALL MATERIAL INFORMATION CONCERNING THE ISSUE FOR WHICH ANY OF THE PERSONS SET
OUT IN SECTION 236 OF THE CMSA, E.G. DIRECTORS AND ADVISERS, ARE RESPONSIBLE.
THE BASE PROSPECTUS AND THIS FIRST SUPPLEMENTARY BASE PROSPECTUS CAN ALSO BE VIEWED OR
DOWNLOADED FROM BURSA SECURITIES’ WEBSITE AT WWW.BURSAMALAYSIA.COM.
PRIVACY NOTICE
PURSUANT TO SECTION 7 OF THE PERSONAL DATA PROTECTION ACT 2010, WE ARE REQUIRED TO ISSUE A
PRIVACY NOTICE TO YOU WITH REGARD TO COLLECTION AND MANAGEMENT OF YOUR PERSONAL DATA. THE
PRIVACY NOTICE (IN ENGLISH AND BAHASA MALAYSIA VERSIONS) IS ATTACHED AS “ANNEXURE II” FOR YOUR
REFERENCE AND IS ALSO AVAILABLE AT OUR RHBIB STRUCTURED WARRANTS WEBSITE,
https://www.rhbtradesmart.com/pdpa.html.
Note: (1) A copy of this First Supplementary Base Prospectus will be lodged with the Registrar of Companies within 14 days from the
uplift of the Movement Control Order (“MCO”).
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Company No. 197401002639 (19663-P)
TABLE OF CONTENTS
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS
1.1 Updates in RHBIB Group’s Financial Highlights ............................................................. 1
1.2 Updates in Financial Highlights ....................................................................................... 2
2. ADDITIONAL INFORMATION
2.1 Base Prospectus Remains in Full Force and Effect Subject to Amendments............... 10
2.2 Documents for Inspection .............................................................................................. 10
2.3 Responsibility Statements ............................................................................................. 10
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Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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For the avoidance of doubt, the terms used in this First Supplementary Base Prospectus shall have the same meanings given to them in the Base Prospectus issued by RHBIB unless otherwise specifically defined herein or the context otherwise requires or permit.
1.1 Updates in RHBIB Group’s Financial Highlights Pursuant to the release of the audited financial statements for FYE 31 December 2019, the summary information for 2019 of the financial highlights of RHBIB Group in Section 3.2.2 on page 8 of the Base Prospectus is hereby updated with respect to the audited consolidated financial information for FYE 31 December 2019: FYE 31 December
2017 2018 2019 RM’000 RM’000 RM’000
Financial results PBT 61,831 23,711 104,833
PAT/(LAT) 21,078 (12,424) 25,108
Key financial position data Net assets attributable to owner of the Bank (shareholder’s
equity)
2,218,276
2,219,336 2,284,288
Paid-up share capital (units) 100,000 100,000 100,000
Share information Basic EPS/(LPS) (sen)# 3.19 (13.43) 23.95
Gross dividends per share (sen) - - 143.00
Net assets per share (RM)^ 3.55 22.19 22.84 Notes:
# Basic EPS/(LPS) is calculated by dividing the PAT/(LAT) attributable to equity holder of RHBIB Group by the weighted average number of ordinary shares in issue during the financial year.
^ Net assets per share is calculated based on shareholder’s equity attributable to the owner of the Bank divided by weighted average number of ordinary shares in issue during the financial year.
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Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS (cont’d)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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1.2 Updates in Financial Highlights Pursuant to the release of the audited financial statements for FYE 31 December 2019, the financial highlights for 2019 of RHBIB Group in Section 4.8 on pages 30 to 37 of the Base Prospectus is hereby updated with respect to the audited consolidated income statements, statements of financial position and statements of cash flows for FYE 31 December 2019:
(a) Consolidated Income Statements
FYE 31 December
2017 2018 2019 RM’000 RM’000 RM’000
Interest income 239,011 231,729 243,345
Interest expense (141,022) (167,022) (168,323)
Net interest income 97,989 64,707 75,022
Fee and commission income 805,870 673,603$ 755,987
Fee and commission expense (215,894) (170,932) $ (233,144)
Other operating income 157,961 179,149 180,269
845,926 746,527$ 778,134
Other operating expenses (728,825) (693,498) $ (650,770)
Operating profit before allowances 117,101 53,029 127,364
Provision for restructuring costs - - (9,769)
Allowance for impairment on loans, advances, and other losses (58,001) - -
Impairment losses written back on other assets 1,872 - -
Allowance made for expected credit losses -
(6,830)
(1,310)
Impairment losses on other non-financial assets - (23,000)
(17,505)
60,972 23,199 98,780
Share of results of associates 468 413 6,083
Share of results of joint ventures 391 99 (30)
PBT 61,831 23,711 104,833
Taxation (40,753) (36,135) (79,725)
PAT/(LAT) for the year 21,078 (12,424) 25,108
Attributable to:
- Equity holder of the Bank 19,946 (13,429) 23,949
- Non-controlling interests 1,132 1,005 1,159
21,078 (12,424) 25,108
Basic EPS/(LPS) (sen) # 3.19 (13.43) 23.95
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Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS (cont’d)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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(a) Consolidated Income Statements (cont’d)
Notes:-
# Basic EPS/(LPS) is calculated by dividing the PAT/(LAT) attributable to equity holder of RHBIB Group by the weighted average number of ordinary shares in issue during the financial year.
$ The financial numbers for the financial year 2018 have been reclassified for consistency
with the current year presentation. These reclassifications had no effect on the PBT.
(b) Consolidated Statements of Financial Position
FYE 31 December
2017 2018 2019 RM’000 RM’000 RM’000
ASSETS Cash and short-term funds 2,471,578 1,859,024 2,146,388 Deposits and placements with banks and other financial institutions 22,106 90,449 206,999
Financial assets at fair value through profit or loss (“FVTPL”) 823,421 743,221 847,934
Financial investments available-for-sale (“AFS”) 902,249 -
-
Financial investments held-to-maturity (“HTM”) 583,232 -
-
Financial assets at fair value through other comprehensive income (“FVOCI”) - 750,225
752,242
Financial investments at amortised costs - 867,307 911,838 Loans and advances 1,753,928 1,600,323 1,855,873 Clients’ and brokers’ balances 1,608,731 943,057 893,448 Other assets 185,909 154,321 199,535 Derivative assets 344 74 3,091 Statutory deposits 55,660 64,414 66,015 Tax recoverable 49,225 24,654 17,102 Deferred tax assets 14,839 19,610 19,410 Investment in associates and joint ventures 54,174 30,646 16,083
Right of use (“ROU”) assets - - 29,962 Property, plant and equipment 50,293 40,044 42,601
Goodwill and other intangible assets 572,604 571,521 559,553
TOTAL ASSETS 9,148,293 7,758,890 8,568,074
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Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS (cont’d)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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(b) Consolidated Statements of Financial Position (cont’d)
FYE 31 December
2017 2018 2019
RM’000 RM’000 RM’000
LIABILITIES AND EQUITY Deposits from customers 623,581 1,030,614 1,410,984 Deposits and placements of banks and other financial institutions 3,035,153 1,834,820 2,014,638
Bills and acceptances payable 6,185 44,536 36,957 Clients’ and brokers’ balances 1,502,382 832,160 824,166 Other liabilities 503,293 415,261 659,424 Derivative liabilities 46,013 5,917 4,509 Puttable financial instruments 78,825 70,615 - Tax liabilities 6,136 6,288 5,503 Deferred tax liabilities 2,612 2,072 1,531 Lease liabilities - - 29,567 Borrowings 712,379 882,969 882,036 Subordinated obligations 404,263 404,263 404,263
TOTAL LIABILITIES 6,920,822 5,529,515 6,273,578 Share capital 1,487,773 1,487,773 1,487,773 Reserves 730,503 731,563 796,515
2,218,276 2,219,336 2,284,288 Non-controlling interests 9,195 10,039 10,208
TOTAL EQUITY 2,227,471 2,229,375 2,294,496
TOTAL LIABILITIES AND EQUITY 9,148,293 7,758,890 8,568,074
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Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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(c) Consolidated Statements of Cash Flows
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FYE 31 December 2017 2018 2019 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES PBT 61,831 23,711 104,833 Adjustments for: Allowance made for expected credit
losses of loans and advances, other receivables and clients and brokers’ balances
56,900
7,804 2,520
Bad debts written off 1,261 495 3 Allowance made/(written back) for
expected credit losses of other financial assets - 134 (170)
Impairment losses made for investment in an associate - 23,000
-
Impairment losses made on goodwill - - 17,505 Property, plant and equipment - depreciation 22,308 17,391 18,316 - gain on disposal (32) - (332) - written off 607 752 56 Other intangible assets - amortisation 12,888 11,989 13,732 - written off - 28 246 Interest income from financial assets at FVTPL, FVOCI and financial investments at amortised costs, AFS and HTM
(62,255)
(61,720)
(63,348) Net gain from sale/redemption of financial assets at FVTPL, FVOCI and financial investments at amortised costs, AFS and HTM (49,331) (5,256) (15,084)
Net gain from sale of derivatives (58,166) (50,326) (9,149)
Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS (cont’d)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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(c) Consolidated Statements of Cash Flows (cont’d)
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FYE 31 December 2017 2018 2019 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (cont’d)
Gross dividend income from financial assets at FVTPL, FVOCI and financial investments AFS
(11,548)
(8,168) (32,785)
Share of results of associates (468) (413) (6,083) Share of results of joint ventures (391) (99) 30 Net unrealised loss/(gain) on revaluation of financial instruments at FVTPL and derivatives
54,720
(15,993) (36,712)
Depreciation of ROU assets - - 19,845 Lease interest - - 1,164 Gain on remeasurement of previously held equity interest in a joint venture - - (258)
Loss on disposal of a subsidiary - - 51 Gain on modification of ROU assets - - (9)
Subordinated obligations interest expense 22,262 19,700 19,700
Borrowings interest expense 21,146 32,576 37,246 Unrealised foreign exchange loss/(gain) 37,286 (1,179) 806
Provision for restructuring costs - - 9,769
Operating profit/(loss) before working capital changes 109,018 (5,574) 81,892
(Increase)/Decrease in operating assets: Deposits and placements with
banks and other financial institutions 336,405 (68,516) (116,192)
Financial assets at FVTPL (166,661) 58,124 (61,081) Loans and advances (46,906) 148,965 (239,781) Clients’ and brokers’ balances 423,007 661,055 50,574 Other assets 66,800 30,628 (47,719) Derivative assets 4,191 283 (3,027) Statutory deposits 29,232 (8,739) (1,615)
646,068 821,800 (418,841)
Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS (cont’d)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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(c) Consolidated Statements of Cash Flows (cont’d)
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FYE 31 December 2017 2018 2019 RM’000 RM’000 RM’000
CASH FLOWS FROM OPERATING ACTIVITIES (cont’d)
Increase/(Decrease) in operating liabilities:
Deposits from customers (58,433) 407,033 380,370 Deposits and placements of banks and other financial institutions
1,994,364
(1,198,908)
179,818
Bills and acceptances payable (173,877) 38,323 (8,701) Clients’ and brokers’ balances (275,246) (670,735) (9,657) Derivative liabilities 31,588 39,353 4,629 Other liabilities 33,250 (79,776) 230,532
1,551,646 (1,464,710) 776,991
Cash generated from/(used in) operations 2,306,732 (648,484) 440,042
Lease interest - - (1,164) Net tax paid (35,111) (15,602) (70,027)
Net cash generated from/(used in) operating activities
2,271,621
(664,086) 368,851
CASH FLOWS FROM INVESTING ACTIVITIES
Net purchase of financial assets at FVOCI and financial investments at amortised costs, AFS and HTM
(131,825)
(104,088)
(31,128) Net gain on disposal of financial assets at FVOCI, equity instruments - - 5,370
Interest income received from financial assets at FVTPL, FVOCI and financial investments at amortised costs, AFS and HTM
50,537
63,485
62,533
Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS (cont’d)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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(c) Consolidated Statements of Cash Flows (cont’d)
FYE 31 December 2017 2018 2019 RM’000 RM’000 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES (cont’d)
Dividend income received from financial assets at FVTPL, FVOCI and financial investments AFS
11,548
8,168 32,785
Property, plant and equipment: - purchases (13,991) (8,762) (20,718) - proceeds from disposal 32 6 598 Other intangible assets: - purchases (10,971) (9,915) (14,369) - proceeds from disposal - - 12 Dividend income received from an associate - 1,041
4,806
Acquisition of additional interest from non-controlling interests (13) - -
Acquisition of a subsidiary, net of cash and cash equivalents acquired - - 10,710
Proceeds from disposal of a subsidiary, net of cash and cash equivalents received - - 16,548
Net cash (used in)/generated from investing activities (94,683) (50,065) 67,147
CASH FLOWS FROM FINANCING ACTIVITIES
Capital repayment to shareholder (846,023) - - Redemption of subordinated obligations (245,000) - -
Net drawdown/(repayment) of borrowings 178,490 153,809 (10,175)
Proceeds from issuance of subordinated obligations 200,000 -
-
Dividend paid to non-controlling interests - (800)
-
Subordinated obligations interest paid (20,594) (19,700)
(19,700)
Lease principal payment - - (18,953) Redemption of puttable financial instruments - -
(74,185)
Borrowings interest paid (20,977) (31,711) (37,942)
Net cash (used in)/generated from financing activities (754,104) 101,598 (160,955)
Company No. 197401002639 (19663-P)
1. UPDATES OF INFORMATION CONTAINED IN THE BASE PROSPECTUS (cont’d)
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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(c) Consolidated Statements of Cash Flows (cont’d)
FYE 31 December 2017 2018 2019 RM’000 RM’000 RM’000 Net increase/(decrease) in cash and cash equivalents
1,422,834
(612,553) 275,043
Effects of exchange rate differences (23,396) 420 12,107
Cash and cash equivalents: - at the beginning of the financial
year
1,072,140
2,471,578 1,859,445
- at the end of the financial year 2,471,578 1,859,445 2,146,595
Cash and cash equivalents comprise the following:
Cash and short-term funds before expected credit losses 2,471,578 1,859,445 2,146,595
The auditors’ reports on RHBIB Group’s financial statements for the past three (3) financial years up to FYE 31 December 2019 were not subject to any qualification. RHBIB Group’s financial statements for the past three (3) financial years up to FYE 31 December 2019 were audited by PricewaterhouseCoopers.
Please refer to our website at https://www.rhbgroup.com/malaysia/investor-relations/financial-reports/annual-reports/rhb-investment-bank-berhad for the detailed information on the audited consolidated financial statements of RHBIB Group.
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Company No. 197401002639 (19663-P)
2. ADDITIONAL INFORMATION
THIS FIRST SUPPLEMENTARY BASE PROSPECTUS IS TO BE READ IN CONJUNCTION WITH THE BASE PROSPECTUS DATED 24 OCTOBER 2019
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2.1 Base Prospectus Remains in Full Force and Effect Subject to Amendments The Base Prospectus remains in full force and effect, save and except for the amendments to the
Base Prospectus as set out in this First Supplementary Base Prospectus.
2.2 Documents for Inspection In addition to the documents described in Section 10.3 of our Base Prospectus, a copy of the
First Supplementary Base Prospectus may be inspected at our registered office during office hours for a period of twelve (12) months from the date of our Base Prospectus.
2.3 Responsibility Statements (i) We acknowledge that, based on all available information, and to the best of our
knowledge and belief, the Base Prospectus and this First Supplementary Base Prospectus constitute a full and true disclosure of all material facts concerning the Offering.
(ii) Our Directors have seen and approved this First Supplementary Base Prospectus. Our Directors collectively and individually accept full responsibility for the accuracy of the information contained in this First Supplementary Base Prospectus and confirm, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no false or misleading statements or other facts, the omission of which would make any statement in this First Supplementary Base Prospectus false or misleading.
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