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MULTIPLE PROPOSALS SENI JAYA CORPORATION BERHAD ("SJC" OR THE "COMPANY") (I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED BONUS ISSUE OF SHARES (COLLECTIVELY, THE "PROPOSALS")

SENI JAYA CORPORATION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
SENI JAYA CORPORATION BERHAD ("SJC" OR THE "COMPANY")

(I)	PROPOSED PRIVATE PLACEMENT; AND

(II)	PROPOSED BONUS ISSUE OF SHARES

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board of Directors of SJC (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that SJC proposes to undertake the following proposals:

 

  1. a private placement of up to 14,560,000 new ordinary shares in SJC (“SJC Share(s)” or “Share(s)”) (“Placement Shares”), subject to the issuance of the placement shares not exceeding 20% of the total number of issued SJC Shares, at an issue price to be determined later (“Proposed Private Placement”); and
  2. a bonus issue of shares of up to 262,079,985 new SJC Shares (“Bonus Share(s)”) on the basis of 3 Bonus Shares for every 1 existing SJC Share held by the entitled shareholders of the Company on an entitlement date to be determined and announced later by the Board (“Entitled Shareholder(s)”) (“Entitlement Date”) (“Proposed Bonus Issue of Shares”).

 

(Collectively, the “Proposals”)

 

Further details of the Proposals are set out in the attachment.

 

This announcement is dated 27 October 2021.




Please refer attachment below.

Attachments

SJC - Announcement.pdf
394.9 kB



Announcement Info

Company Name SENI JAYA CORPORATION BERHAD
Stock Name SJC
Date Announced 27 Oct 2021
Category General Announcement for PLC
Reference Number GA1-17102021-00004




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