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