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MULTIPLE PROPOSALS JENTAYU SUSTAINABLES BERHAD (FORMERLY KNOWN AS IPMUDA BERHAD) ("JENTAYU SUSTAINABLES" OR THE "COMPANY") RIGHTS ISSUE OF SHARES

IPMUDA BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
JENTAYU SUSTAINABLES BERHAD (FORMERLY KNOWN AS IPMUDA BERHAD) ("JENTAYU SUSTAINABLES" OR THE "COMPANY")

RIGHTS ISSUE OF SHARES

Unless otherwise defined, the definitions used in this announcement shall have the same meaning as those defined in the Company's announcements dated 18 June 2021, 24 August 2021, 2 September 2021, 11 October 2021, 12 November 2021, 24 November 2021, 24 December 2021, 7 January 2022 and 11 January 2022 in relation to, amongst others, the Rights Issue of Shares ("Announcements") and the Company’s Circular dated 28 October 2021.

We refer to the Announcements and the Company’s Circular dated 28 October 2021.

On behalf of the Board, MIDF Investment wishes to announce that Jentayu Sustainables had, on 12 January 2022, entered into an underwriting agreement in relation to the Rights Issue of Shares with MIDF Investment, being the Managing Underwriter and Joint Underwriter, BIMB Securities Sdn Bhd and KAF Investment Bank Berhad, being the Joint Underwriters (“Underwriting Agreement”). The Managing Underwriter and Joint Underwriters will underwrite the entire portion of 101,457,300 Rights Shares for an aggregate amount of RM30,437,190 to achieve a full subscription basis of the Rights Issue of Shares, subject to the terms and conditions of the Underwriting Agreement.

This announcement is dated 12 January 2022.






Announcement Info

Company Name IPMUDA BERHAD
Stock Name IPMUDA
Date Announced 12 Jan 2022
Category General Announcement for PLC
Reference Number GA1-11012022-00073




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