SERBADK

1.730

+0.01 (+0.6%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SERBA DINAMIK HOLDINGS BERHAD ("SDHB" OR "COMPANY") PROPOSED PRIVATE PLACEMENT

SERBA DINAMIK HOLDINGS BERHAD

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

PROPOSED PRIVATE PLACEMENT

The terms used herein shall have the same meaning as those defined in the announcement dated 8 December 2020, unless otherwise stated.

We refer to the announcement dated 8 December 2020, 9 December 2020 and 17 December 2020 in relation to the Proposed Private Placement.

On behalf of the Board, Affin Hwang IB wishes to announce that the book-building exercise in relation to the Proposed Private Placement has been completed on 21 January 2021 by Affin Hwang IB, Credit Suisse Securities (Malaysia) Sdn Bhd, Credit Suisse Securities (Singapore) Limited and RHB Investment Bank Berhad. SDHB will be issuing up to 336,830,000 new SDHB Shares, representing approximately 10% of the existing total number of issued shares in SDHB (excluding treasury shares) as at 21 January 2021. The Proposed Private Placement attracted demand from both local and foreign institutional investors, with the order book being oversubscribed by approximately 1.85 times of the total number of new SDHB Shares available for subscription under the Proposed Private Placement.

After the market closed on 21 January 2021, the issue price for the Placement Shares was fixed at RM1.51 per Placement Share (“Issue Price”), representing a discount of approximately 8.1% to the 5-day volume weighted average market price of SDHB Shares up to and including 21 January 2021 of RM1.6438. Accordingly, the Proposed Private Placement is expected to raise gross proceeds amounting to approximately RM508.61 million, including the Proposed Placement to Dato’ Karim described below.

Pursuant to the Proposed Placement to Dato’ Karim which is part of the Proposed Private Placement, SDHB will be issuing 56,292,000 Placement Shares, representing approximately 1.7% of the existing total number of issued shares in SDHB (excluding treasury shares) as at 21 January 2021, to Dato’ Karim at the Issue Price. The Proposed Placement to Dato’ Karim is expected to raise gross proceeds amounting to approximately RM85.00 million.

Any final allocation of Placement Shares to investors under the Proposed Private Placement is subject to the review and approval of Bursa Securities which will occur subsequent to the date hereof and the final number of Placement Shares to be issued and allotted under the Proposed Private Placement shall be determined thereafter accordingly.

 

 

This announcement is dated 22 January 2021.






Announcement Info

Company Name SERBA DINAMIK HOLDINGS BERHAD
Stock Name SERBADK
Date Announced 22 Jan 2021
Category General Announcement for PLC
Reference Number GA1-22012021-00009