HANDAL

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PROPOSED PRIVATE PLACEMENT")

HANDAL ENERGY BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PROPOSED PRIVATE PLACEMENT")

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcement dated 12 January 2021 and 20 January 2021 in relation to the Proposed Private Placement (“Announcements”))

 

We refer to the Announcements in relation to the Proposed Private Placement.

 

On behalf of the Board of Directors of Handal, Alliance Investment Bank Berhad (“AIBB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 21 January 2021, approved the listing and quotation of up to 49,480,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

 

(i)        Handal and AIBB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“LR”) pertaining to the implementation of the Proposed Private Placement;

 

(ii)       Handal and AIBB to inform Bursa Securities upon the completion of the Proposed Private Placement;

 

(iii)      Handal 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; and

 

(iv)      AIBB to furnish Bursa Securities with details of the placees in accordance with paragraph 6.15 of the LR as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement.

 

 

This announcement is dated 21 January 2021.

 






Announcement Info

Company Name HANDAL ENERGY BERHAD
Stock Name HANDAL
Date Announced 21 Jan 2021
Category General Announcement for PLC
Reference Number GA1-21012021-00084