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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

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

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 6 December 2021 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements in relation to the Private Placement dated 6 December 2021 and 14 December 2021.

 

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 17 December 2021, approved the listing and quotation of up to 110,999,000 Placement Shares to be issued pursuant to the Private Placement.

 

The approval by Bursa Securities for the above is subject to the following conditions:-

 

(i)         Bintai and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;

 

(ii)         Bintai and Mercury Securities are required to inform Bursa Securities upon the completion of the Private Placement;

 

(iii)        Bintai and Mercury Securities are required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed; and

 

(iv)        Mercury Securities is required to furnish Bursa Securities with details of the places in accordance with Paragraph 6.15 of the Listing Requirements for Bursa Securities’ review, prior to the issuance/allotment of the placement shares;

 

(v)        Bintai is required to make quarterly updates via Bursa LINK (simultaneous with the submission of quarterly report) on the following:

 

(a)        The status on each of the event, project or purpose for which the total proceeds raised from the Private Placement are utilized for, including but not limited to, the percentages of completion of projects / initiatives;

(b)        Where relevant, details on where the balance of proceeds raised is being placed (pending utilization). If it is parked with asset management company/fund manager, to disclose the name of the asset management company/fund manager;

(c)        The summary of placement shares issued and allotted as follows:-

(i)         Date of price fixing and issuance date of placement shares (each tranche);

(ii)        Quantity of placement shares issued and allotted;

(iii)        Issue price and the basis in arriving at (each tranche); and

(iv)        Aggregate number of placement shares issued and allotted as at the end of each quarter.

 

This announcement is dated 17 December 2021.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 17 Dec 2021
Category General Announcement for PLC
Reference Number GA1-17122021-00035




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