ALAM

0.025

+0.005 (+25%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING ALAM MARITIM RESOURCES BERHAD ("AMRB" OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT I; AND II. PROPOSED PRIVATE PLACEMENT II (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

ALAM MARITIM RESOURCES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
ALAM MARITIM RESOURCES BERHAD ("AMRB" OR THE "COMPANY")

I.	PROPOSED PRIVATE PLACEMENT I; AND

II.	PROPOSED PRIVATE PLACEMENT II

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of AMRB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-

i. a private placement of up to 10% of the total number of issued shares of AMRB to third party investor(s) to be identified later at an issue price to be determined later in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act") ("Proposed Private Placement I"); and

ii. a private placement of up to 20% of the total number of issued shares of AMRB to third party investor(s) to be identified later at an issue price to be determined and announced later ("Proposed Private Placement II").

The above are collectively referred to as the "Proposals". Further details of the Proposals are set out in the attachment enclosed.

 

This announcement is dated 23 January 2020.




Please refer attachment below.



Announcement Info

Company Name ALAM MARITIM RESOURCES BERHAD
Stock Name ALAM
Date Announced 23 Jan 2020
Category General Announcement for PLC
Reference Number GA1-23012020-00090