ABOUT US
Eastland Equity Bhd.

OUR BUSINESS
We have diversified businesses within our group of companies.

INVESTOR RELATIONS
Find out more about our investor related information inside.

CONTACT US
Phone : +603 2731 9262
Fax : +603 2731 9282
Email : contact@eeb.com.my
Date : 01 October 2013

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING EASTLAND EQUITY BERHAD (“EEB” OR “THE COMPANY”) PRIVATE PLACEMENT OF UP TO 22,333,400 NEW ORDINARY SHARES OF RM0.50 EACH IN EEB, REPRESENTING APPROXIMATELY 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL, TO INDEPENDENT THIRD PARTY INVESTORS TO BE IDENTIFIED (“PRIVATE PLACEMENT”)

EASTLAND EQUITY BHD

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionEASTLAND EQUITY BERHAD (“EEB” OR “THE COMPANY”)

PRIVATE PLACEMENT OF UP TO 22,333,400 NEW ORDINARY SHARES OF RM0.50 EACH IN EEB, REPRESENTING APPROXIMATELY 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL, TO INDEPENDENT THIRD PARTY INVESTORS TO BE IDENTIFIED (“PRIVATE PLACEMENT”)

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 12 September 2013.

Reference is made to the earlier announcements dated 12 September 2013, 13 September 2013 and 25 September 2013 in relation to the Private Placement.

On behalf of the Board, M&A Securities is pleased to announce that the Company has resolved to fix the issue price for the Placement Shares to be issued pursuant to the Private Placement at RM0.515 per Placement Share.

The aforementioned issue price of RM0.515 per Placement Share represents a discount of approximately 1.53% from the five (5)-day VWAP of EEB Shares from 25 September 2013 to 1 October 2013 of approximately RM0.523 per EEB Share.

This announcement is dated 1 October 2013.

 



Announcement Info

Company NameEASTLAND EQUITY BHD  
Stock Name EASTLND    
Date Announced1 Oct 2013  
CategoryGeneral Announcement
Reference NoOS-130926-43027

Back