Date: 28 September 2018

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KRONOLOGI ASIA BERHAD ("KAB" OR THE "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN KAB, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN KAB (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

KRONOLOGI ASIA BERHAD ("KAB" OR THE "COMPANY")

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN KAB, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN KAB (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

We refer to the announcements made on 2 August 2018, 3 August 2018, 13 August 2018, 14 August 2018, 20 September 2018 and 21 September 2018 in relation to the Private Placement ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On 20 September 2018, the Board fixed the issue price for 20,000,000 Placement Shares at RM0.634 each. Pursuant to Rule 6.14 of the Listing Requirements, the payment for the said Placement Shares must be made by the placees within 5 market days from the price-fixing date (i.e., by 27 September 2018).

In view that only the payment for 17,470,000 Placement Shares has been received, the Board wishes to re-fix the issue price for the remaining 2,530,000 Placement Shares at RM0.634 per Placement Share ("Issue Price").

As such, the Issue Price represents a discount of approximately RM0.0691 or 9.83% to the 5-day volume weighted average market price of the KAB Shares up to and including 27 September 2018, being the last market day immediately preceding the Price-fixing Date of RM0.7031 per KAB Share.

This announcement is dated 28 September 2018.





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