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 |
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR THE "COMPANY") SPECIAL ISSUE OF UP TO 34,000,000 NEW ORDINARY SHARES IN KAB TO BUMIPUTERA INVESTORS TO BE IDENTIFIED AND/OR APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("SPECIAL ISSUE") |
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 10 December 2018 in relation to the Special Issue, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 10 December 2018, 12 December 2018, 17 December 2018 and 11 February 2019 in relation to the Special Issue.
On behalf of the Board, Mercury Securities wishes to announce that the Board has on to-date (“Price-fixing Date”) fixed the issue price for the first tranche of the placement of 15,000,000 Special Issue Shares at RM0.20 per Special Issue Share (“Issue Price”).
The Issue Price represents a discount of 6.72% to the 5-day VWAP of KAB Shares up to and including 26 April 2019 of RM0.2144, being the last market day immediately preceding the Price-fixing Date.
This announcement is dated 29 April 2019.
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 29 Apr 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29042019-00041 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.