NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SMTRACK BERHAD ("SMTRACK" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF SMTRACK (EXCLUDING TREASURY SHARES) ("SMTRACK SHARES" OR "SHARES") ("PROPOSED PRIVATE PLACEMENT")
| SMTRACK BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | SMTRACK BERHAD ("SMTRACK" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF SMTRACK (EXCLUDING TREASURY SHARES) ("SMTRACK SHARES" OR "SHARES") ("PROPOSED PRIVATE PLACEMENT") |
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On behalf of the Board of Directors of SMTrack (“Board”), Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that the Company proposes to undertake a private placement of up to 53,007,100 new SMTrack Shares (“Placement Shares”), representing approximately 30% of the existing number of issued Shares of SMTrack (excluding treasury shares, if any).
Please refer to the attachment below for further details.
This announcement is dated 12 May 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | SMTRACK BERHAD |
| Stock Name | SMTRACK |
| Date Announced | 12 May 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12052020-00071 |