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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PROPOSED PRIVATE PLACEMENT

BINTAI KINDEN CORPORATION BERHAD

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

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 4 September 2020 in relation to the Proposed Private Placement.)

 

We refer to the announcements made on 4 September 2020, 7 September 2020 and 9 September 2020 in relation to the Proposed Private Placement.

 

On behalf of the Board, KAF IB wishes to announce that Bursa Securities had, vide its letter dated 15 September 2020, approved the listing of and quotation for up to 28,700,000 Placement Shares, subject to the following conditions:-

 

(a) BKCB and KAF IB must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;

 

(b) BKCB and KAF IB are required to inform Bursa Securities upon completion of the Proposed Private Placement;

 

(c) KAF IB is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and

 

(d) in the event the Proposed Private Placement is not completed before the forthcoming AGM, BKCB is required to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at the forthcoming AGM for the authority to issue shares pursuant to the Act before the listing of the Placement Shares.

 

 

This announcement is dated 15 September 2020.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 15 Sep 2020
Category General Announcement for PLC
Reference Number GA1-15092020-00113




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