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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SOLARVEST HOLDINGS BERHAD ("SOLARVEST" OR THE "COMPANY") PRIVATE PLACEMENT

SOLARVEST HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SOLARVEST HOLDINGS BERHAD ("SOLARVEST" OR THE "COMPANY")
	
PRIVATE PLACEMENT

Unless otherwise defined, the definitions set out in the announcement dated 13 August 2020 shall apply herein.

 

On behalf of the Board of Directors of Solarvest, M&A Securities is pleased to announce that the Company has fixed the issue price for the third tranche of the Placement Shares at RM1.25 per Placement Share to be issued pursuant to the Private Placement.

 

The aforementioned issue price of RM1.25 per Placement Share represents a discount of approximately 9.72% or RM0.1346 to the five (5)-day weighted average market price of Solarvest Shares from 15 October 2021 to 22 October 2021 of approximately RM1.3846.

 

 

This announcement is dated 25 October 2021.






Announcement Info

Company Name SOLARVEST HOLDINGS BERHAD
Stock Name SLVEST
Date Announced 25 Oct 2021
Category General Announcement for PLC
Reference Number GA1-25102021-00143




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