NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF ECOFIRST (EXCLUDING TREASURY SHARES) IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT")
| ECOFIRST CONSOLIDATED BHD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF ECOFIRST (EXCLUDING TREASURY SHARES) IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT") |
|
This announcement is dated 7 January 2021.
Reference is made to the Company’s announcement on 15 December 2020, 16 December 2020 and 18 December 2020 in relation to the Proposed Private Placement ("Earlier Announcement”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcement.
On behalf of the Board of Directors of EcoFirst (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Board has fixed the issue price for the 1st tranche of EcoFirst Shares to be issued pursuant to the Proposed Private Placement at RM0.3600 per EcoFirst Share. The issue price represents a discount of approximately 8.40% to the five (5)-day volume weighted average market price of EcoFirst Shares up to and including 6 January 2021 (being the market day immediately before the price fixing date) of RM0.3930. (Source : Bloomberg) |
|
Announcement Info
| Company Name | ECOFIRST CONSOLIDATED BHD |
| Stock Name | ECOFIRS |
| Date Announced | 07 Jan 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07012021-00046 |