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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING INDUSTRONICS BERHAD ("ITRONIC" OR THE "COMPANY") (I) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF ITRONIC ("PROPOSED PRIVATE PLACEMENT"); AND (II) PROPOSED ISSUANCE OF UP TO 20,552,560 NEW ORDINARY SHARES IN ITRONIC REPRESENTING UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF ITRONIC AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED SHARES ISSUANCE")

INDUSTRONICS BERHAD

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

(I)	PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF ITRONIC ("PROPOSED PRIVATE PLACEMENT"); AND

(II)	PROPOSED ISSUANCE OF UP TO 20,552,560 NEW ORDINARY SHARES IN ITRONIC REPRESENTING UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF ITRONIC AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED SHARES ISSUANCE")

This announcement is dated 10 January 2019 (“Announcement”).

 

On behalf of the Board of Directors of Itronic (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Itronic is proposing to undertake the following:-

 

(i)          a private placement of up to 10% of the total number of issued shares of the Company to be undertaken in accordance with the general mandate pursuant to Section 75 and Section 76 of the Companies Act, 2016 (“Act”); and

 

(ii)         a proposed issuance of up to 20,552,560 new ordinary shares in Itronic (“Itronic Shares” or “Shares”) representing up to 20% of the total number of issued shares of Itronic as at 9 January 2019, being the latest practicable date (“LPD”) prior to the date of this Announcement. 

 

Further details of the Proposed Private Placement and Proposed Shares Issuance are set out in the attachment.


Please refer attachment below.

Attachments

Itronic_Announcement - 10 Jan 2019.pdf
276.5 kB


Announcement Info

Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 10 Jan 2019
Category General Announcement for PLC
Reference Number GA1-10012019-00069




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