Bursa Announcements
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 |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | 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”) |
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 Name | EASTLAND EQUITY BHD |
Stock Name | EASTLND |
Date Announced | 25 Sept 2013 |
Category | General Announcement |
Reference No | OS-130925-60610 |