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MULTIPLE PROPOSALS BINTAI KINDEN CORPORATION BERHAD ("BINTAI" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; AND (II) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY, THE "PROPOSALS")

BINTAI KINDEN CORPORATION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
BINTAI KINDEN CORPORATION BERHAD ("BINTAI" OR THE "COMPANY")

(I) PROPOSED DIVERSIFICATION; AND
(II) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board of Directors of Bintai, M&A Securities Sdn Bhd wishes to announce that the Company intends to undertake the following proposals:

 

(a) proposed diversification of Bintai’s existing business to include the property development and management business segment (“Proposed Diversification”); and

 

(b) proposed private placement of up to 114,567,600 new ordinary shares in Bintai, representing approximately 30% of the existing issued ordinary shares in Bintai, to independent investors to be identified later (“Proposed Private Placement”).

 

(collectively, the “Proposals”)

 

Kindly refer to the attached announcement for further details of the said Proposals.

 

This announcement is dated 21 January 2021.

 




Please refer attachment below.



Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 21 Jan 2021
Category General Announcement for PLC
Reference Number GA1-21012021-00127




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