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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 28 January 2019.

 

Reference is made to the Company’s announcements on 10 January 2019 and 15 January 2019 in relation to the Proposed Private Placement and the Proposed Shares Issuance ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of the Board, AmInvestment Bank wishes to announce that the additional listing application in respect of the Proposed Private Placement had been submitted to Bursa Securities today.






Announcement Info

Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 28 Jan 2019
Category General Announcement for PLC
Reference Number GA1-28012019-00076




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