Date : 28 October 2016

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KEY ASIC BERHAD ("KEY ASIC" OR "COMPANY") PRIVATE PLACEMENT

KEY ASIC BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
KEY ASIC BERHAD ("KEY ASIC" OR "COMPANY")

PRIVATE PLACEMENT

We refer to the announcements made on 24 March 2015, 25 March 2015, 15 June 2015, 5 October 2015, 12 October 2015, 20 November 2015, 30 November 2015, 10 December 2015, 22 February 2016, 4 March 2016, 26 May 2016 and 13 June 2016 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of Key ASIC, TA Securities wishes to announce that the Board has on 28 October 2016 (“Price-fixing Date”) fixed the issue price for the fourth (4th) tranche of the placement of 7,000,000 Placement Shares at RM0.095 per Placement Share (“Issue Price”).

The Issue Price represents a discount of approximately RM0.008 or 7.77% to the five (5)-day volume weighted average market price of the Key ASIC Shares up to and including 27 October 2016, being the last market day immediately preceding the Price-fixing Date of RM0.1030 per Key ASIC Share.

This announcement is dated 28 October 2016.






Announcement Info

Company Name KEY ASIC BERHAD
Stock Name KEYASIC
Date Announced 28 Oct 2016
Category General Announcement for PLC
Reference Number GA1-28102016-00007


Back