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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 2021,14 December 2021 and 17 December 2021.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board had on 28 December 2021 (“Price-fixing Date”) fixed the issue price for the placement of 110,999,000 Placement Shares, being the first and final tranche of the Private Placement, at RM0.2100 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 9.76% to the 5-day VWAP of the Shares up to and including 27 December 2021 of RM0.2327, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 28 December 2021.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 28 Dec 2021
Category General Announcement for PLC
Reference Number GA1-28122021-00045




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