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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BINTAI KINDEN CORPORATION BERHAD ("BINTAI" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 30% OF THE TOTAL ISSUED SHARES IN BINTAI ("PRIVATE PLACEMENT")

BINTAI KINDEN CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
BINTAI KINDEN CORPORATION BERHAD ("BINTAI" OR THE "COMPANY") 

PRIVATE PLACEMENT OF UP TO 30% OF THE TOTAL ISSUED SHARES IN BINTAI ("PRIVATE PLACEMENT")

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Private Placement.

 

On behalf of the Board, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.30 each.

 

The aforementioned issue price of RM0.30 per Placement Share represents a discount of approximately RM0.0641 or 17.6% from the 5-day weighted average market price of Bintai from 15 November 2021 to 19 November 2021 (being the market day immediately preceding the date of this announcement) of RM0.3641 per Share.

 

This announcement is dated 22 November 2021.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 22 Nov 2021
Category General Announcement for PLC
Reference Number GA1-22112021-00025




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