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Date : 17 September 2013

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING EASTLAND EQUITY BHD (“EEB” OR “THE COMPANY”) PROPOSED 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 (“PROPOSED PRIVATE PLACEMENT”)

EASTLAND EQUITY BHD

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionEASTLAND EQUITY BHD (“EEB” OR “THE COMPANY”)

PROPOSED 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 (“PROPOSED PRIVATE PLACEMENT”)

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 12 September 2013.


Further to the announcement dated 12 September 2013 in relation to the Proposed Private Placement, M&A Securities on behalf of the Board wishes to announce that the breakdown for the working capital of the EEB Group under section 2.5 of the said announcement is as follows:

 

Description

RM’000

Salaries

400

Administration and Overhead Expenses

300

Operating Expenses

300

 

This announcement is dated 17 September 2013.

 

 



Announcement Info

Company NameEASTLAND EQUITY BHD  
Stock Name EASTLND    
Date Announced17 Sept 2013  
CategoryGeneral Announcement
Reference NoOS-130917-59060

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