INSAS

1.040

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING INSAS BERHAD ("INSAS" OR "COMPANY") - PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS; AND - PROPOSED AMENDMENTS TO THE CONSTITUTION OF INSAS (COLLECTIVELY, THE "PROPOSALS")

INSAS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
INSAS BERHAD ("INSAS" OR "COMPANY")

- PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS; AND
- PROPOSED AMENDMENTS TO THE CONSTITUTION OF INSAS

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board of Directors of Insas, M&A Securities Sdn Bhd, a wholly-owned subsidiary of Insas, wishes to announce that the Company intends to undertake the Proposals.

 

 

Kindly refer to the attachment for further details on the Proposals.

 

 

This announcement is dated 9 July 2020.




Please refer attachment below.

Attachments

090720 - Insas - RI of RPS.pdf
389.6 kB



Announcement Info

Company Name INSAS BERHAD
Stock Name INSAS
Date Announced 09 Jul 2020
Category General Announcement for PLC
Reference Number GA1-09072020-00093