NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WZ SATU BERHAD ("WZ SATU" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 59,660,600 NEW ORDINARY SHARES IN WZ SATU, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PRIVATE PLACEMENT")
| WZ SATU BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | WZ SATU BERHAD ("WZ SATU" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 59,660,600 NEW ORDINARY SHARES IN WZ SATU, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PRIVATE PLACEMENT") |
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Reference is made to the Company’s announcements dated 29 May 2019, 30 May 2019 and 3 June 2019 in relation to the Private Placement (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.
On behalf of the Board, HLIB wishes to announce that the Board has on 4 October 2019 (“Price-Fixing Date”) fixed the issue price for the first tranche of the Private Placement (“First Tranche Placement”) at RM0.22 per Placement Share (“First Tranche Issue Price”).
The First Tranche Issue Price represents a discount of about 7.0% to the 5-day VWAMP of the Shares up to and including 3 October 2019, being the last market day immediately preceding the Price-Fixing Date of RM0.2366.
This announcement is dated 4 October 2019.
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Announcement Info
| Company Name | WZ SATU BERHAD |
| Stock Name | WZSATU |
| Date Announced | 04 Oct 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04102019-00047 |