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Eastland Equity Bhd.

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Date : 23 October 2019

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING 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
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")

This announcement is dated 23 October 2019.

Reference is made to the Company’s announcements dated 3 October 2019, 4 October 2019 and 22 October 2019 in relation to the Proposed Private Placement ("Earlier Announcements").  Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Earlier Announcements.

On behalf of the Board, AmInvestment Bank is pleased to announce that Bursa Securities had, vide its letter dated 23 October 2019, approved the listing and quotation of up to 29,480,157 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

  1. Eastland and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Private Placement;
  2. Eastland and AmInvestment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement; and
  3. Eastland to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.





Announcement Info

Company Name EASTLAND EQUITY BHD
Stock Name EASTLND
Date Announced 23 Oct 2019
Category General Announcement for PLC
Reference Number GA1-23102019-00037



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