New Issue Of Securities (Chapter 6 Of Listing Requirements) : Fund Raising
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | KINERGY ADVANCEMENT BERHAD ("KAB" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 198,634,288 NEW ORDINARY SHARES IN KAB ("KAB SHARES" OR "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 ("PRIVATE PLACEMENT") |
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Reference is made to the Company’s earlier announcements dated 20 June 2024, 21 June 2024, 27 June 2024, 12 July 2024, 19 July 2024, 27 November 2024, 5 December 2024 and 6 December 2024 in relation to the Private Placement (“Earlier Announcements”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.
On behalf of the Board, Malacca Securities wishes to announce that the Board has fixed the issue price for the second tranche of up to 31,096,000 Placement Shares to be issued pursuant to the Private Placement at RM0.3300 per KAB Share. The issue price represents a discount of 4.29% to the 5-day VWAP of KAB Shares up to and including 12 December 2024 of RM0.3448.
This announcement is dated 13 December 2024. |
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Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 13 Dec 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11122024-00035 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.