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") PROPOSED PRIVATE PLACEMENT OF UP TO 70,574,600 NEW ORDINARY SHARES IN KAB, REPRESENTING UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KAB, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER |
On behalf of the Board of Directors of KAB (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser”) wishes to announce that the Company proposes to undertake the private placement of up to 70,574,600 new ordinary shares in KAB (“KAB Shares” or “Shares”), representing up to 20% of the total number of issued shares of KAB, to independent third-party investors to be identified later, at an issue price to be determined later (“Placement Shares”) (“Proposed Private Placement”).
Please refer to the attachment for further details on the Proposed Private Placement.
The announcement is dated 10 October 2019.
Please refer attachment below.
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 10 Oct 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10102019-00015 |
Attachments
- KAB_-_Proposed_Private_Placement_(10.10.2019).pdf (Size: 350,957 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.