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Date : 24 April 2019

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING EASTLAND EQUITY BHD ("EASTLAND" OR "COMPANY") PROPOSED ISSUANCE OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN EASTLAND ("PROPOSED SHARE ISSUANCE")

EASTLAND EQUITY BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
EASTLAND EQUITY BHD ("EASTLAND" OR "COMPANY") 

PROPOSED ISSUANCE OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN EASTLAND ("PROPOSED SHARE ISSUANCE")

On behalf of the Board of Directors of Eastland, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a proposed issuance of up to 20% of the total number of issued ordinary shares in Eastland (Shares).

The Company had on 24 April 2019 entered into a conditional share subscription agreement with Lee Chee Kiang, the Managing Director of Eastland, for the proposed issuance of 25,000,000 Subscription Shares, representing approximately 10.18% of the total number of issued Shares.

Further details of the Proposed Share Issuance are as attached.

 

This announcement is dated 24 April 2019.




Please refer attachment below.



Announcement Info

Company Name EASTLAND EQUITY BHD
Stock Name EASTLND
Date Announced 24 Apr 2019
Category General Announcement for PLC
Reference Number GA1-24042019-00105



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