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Eastland Equity Bhd.

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Date : 03 October 2019

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING EASTLAND EQUITY BERHAD ("EASTLAND" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF EASTLAND IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT")

EASTLAND EQUITY BHD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF EASTLAND IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of Eastland (Board), AmInvestment Bank Berhad (AmInvestment Bank) wishes to announce that Eastland is proposing to undertake a private placement of up to 10% of the total number of issued shares of the Company to be undertaken in accordance with the general mandate pursuant to Section 75 and Section 76 of the Companies Act, 2016 (Act) obtained from the shareholders of Eastland at its annual general meeting (AGM) convened on 27 May 2019 (General Mandate).

 

Kindly refer to the attachment for detail of the Proposed Private Placement.




Please refer attachment below.



Announcement Info

Company Name EASTLAND EQUITY BHD
Stock Name EASTLND
Date Announced 03 Oct 2019
Category General Announcement for PLC
Reference Number GA1-03102019-00073



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