Bursa Announcements
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 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | 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”) |
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.
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Announcement Info
| Company Name | EASTLAND EQUITY BHD |
| Stock Name | EASTLND |
| Date Announced | 1 Oct 2013 |
| Category | General Announcement |
| Reference No | OS-130926-43027 |
