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Date : 29 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 29 October 2019.

 

Reference is made to the Company’s announcement dated 3 October 2019, 4 October 2019, 22 October 2019 and 23 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 the Company has fixed the issue price of the Placement Shares at RM0.0841 per Placement Share to be issued pursuant to the Proposed Private Placement (“Issue Price”).

 

The Issue Price of RM0.0841 per Placement Shares represents a discount of approximately RM0.0093 or 9.96% to the five (5)-day volume weighted average market price of Eastland Shares up to 25 October 2019 of RM0.0934 (Source: Bloomberg).






Announcement Info

Company Name EASTLAND EQUITY BHD
Stock Name EASTLND
Date Announced 29 Oct 2019
Category General Announcement for PLC
Reference Number GA1-29102019-00022



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