ALAQAR

1.260

-0.01 (-0.8%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING AL-AQAR HEALTHCARE REIT ("AL-AQAR" OR "REIT") PROPOSED PRIVATE PLACEMENT OF UP TO RM50 MILLION UNITS IN AL-AQAR ("PROPOSED PRIVATE PLACEMENT")

AL-`AQAR HEALTHCARE REIT

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
AL-AQAR HEALTHCARE REIT ("AL-AQAR" OR "REIT")

PROPOSED PRIVATE PLACEMENT OF UP TO RM50 MILLION UNITS IN AL-AQAR ("PROPOSED PRIVATE PLACEMENT")

This announcement is dated 5 November 2020.

 

Reference is made to Al-‘Aqar’s announcements on 27 October 2020 and 30 October 2020 in relation to the Proposed Private Placement ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of Board, Amlnvestment Bank is pleased to announce that Bursa Securities had, vide its letter dated 4 November 2020, approved the listing of and quotation for 43,859,649 new units in Al-'Aqar to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

 

  1. Al-‘Aqar and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Private Placement;
  2. Al-‘Aqar and AmInvestment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement; and
  3. Al-‘Aqar and AmInvestment Bank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.





Announcement Info

Company Name AL-`AQAR HEALTHCARE REIT
Stock Name ALAQAR
Date Announced 05 Nov 2020
Category General Announcement for PLC
Reference Number GA1-05112020-00019