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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 announcement made on 4 September 2020, 7 September 2020, 9 September 2020 and 15 September 2020 in relation to the Proposed Private Placement.

 

On behalf of the Board, KAF IB wishes to announce that the Board had on 17 September 2020 (“Price-Fixing Date”) fixed the issue price for the placement of 28,700,000 Placement Shares at RM0.52 each (“Issue Price”). The Issue Price represents a discount of RM0.057 or 9.88% to the 5-day VWAMP of the BKCB Shares up to and including 15 September 2020 of RM0.577, being the last market day immediately preceding the Price-Fixing Date.

 

 

This announcement is dated 17 September 2020.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 17 Sep 2020
Category General Announcement for PLC
Reference Number GA1-17092020-00070




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