ABOUT US
Eastland Equity Bhd.

OUR BUSINESS
We have diversified businesses within our group of companies.

INVESTOR RELATIONS
Find out more about our investor related information inside.

CONTACT US
Phone : +603 4149 8200
Fax : +603 4142 9788
Email : contact@eeb.com.my
Date : 25 September 2013

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

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionEASTLAND 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”)

On behalf of the Board of Directors of EEB, M&A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 24 September 2013 (received on 25 September 2013) approved the listing of and quotation for up to 22,333,400 new ordinary shares of RM0.50 each in EEB representing up to 10% of the existing issued and paid-up share capital of EEB to be issued pursuant to the Private Placement on the Main Market of Bursa Securities subject to the following conditions: 

1.            1. EEB and M&A Securities must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Private Placement;

 2.           2. EEB and M&A Securities are to inform Bursa Securities upon the completion of the Private Placement;

 3.           3. EEB to furnish Bursa Securities within a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed; and

 4.           4. M&A Securities to furnish Bursa Securities with the following:- 

i)              details of the placees as per Paragraph 6.15 of the LR for Bursa Securities’ clearance prior to the issuance/allotment of shares to the placees;

 

ii)             confirmation that the placees do not fall within any of the category of persons specified in Paragraph 6.04(c) of the LR; and

 

iii)            confirmation from EEB that it will ensure that any disposal of the placement shares by the placees will be done in an orderly manner.

                                                                                  

 This announcement is dated 25 September 2013.



Announcement Info

Company NameEASTLAND EQUITY BHD  
Stock Name EASTLND    
Date Announced25 Sept 2013  
CategoryGeneral Announcement
Reference NoOS-130925-60610

Back