New Issue Of Securities (Chapter 6 Of Listing Requirements) : Fund Raising
BackJun 20, 2024
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | KINERGY ADVANCEMENT BERHAD ("KAB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 198,634,288 NEW ORDINARY SHARES IN KAB ("SHARES"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT") |
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On behalf of the Board of Directors of KAB ("Board"), Malacca Securities Sdn. Bhd. ("Malacca Securities") wishes to announce that the Company proposes to undertake a private placement of up to 198,634,288 new KAB Shares ("Placement Shares"), representing 10% of the total number of issued KAB Shares, excluding treasury shares.
Further details in relation to the Proposed Private Placement are set out in the enclosed attachment. |
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Please refer attachment below.
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 20 Jun 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20062024-00010 |
Attachments
- KAB_-_Proposed_Private_Placement_20240620.pdf (Size: 344,904 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.