NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WZ SATU BERHAD ("WZ SATU" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES TOGETHER WITH FREE DETACHABLE WARRANTS (II) PROPOSED AMENDMENTS
| WZ SATU BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | WZ SATU BERHAD ("WZ SATU" OR THE "COMPANY")
(I) PROPOSED RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES TOGETHER WITH FREE DETACHABLE WARRANTS
(II) PROPOSED AMENDMENTS |
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On behalf of the board of directors of WZ Satu, Hong Leong Investment Bank Berhad wishes to announce that WZ Satu proposes to undertake a renounceable rights issue of irredeemable convertible preference shares (“ICPS”) in WZ Satu together with free detachable warrants in WZ Satu (“Warrants B”) to raise minimum gross proceeds of about RM30.0 million and maximum gross proceeds of up to about RM72.3 million (“Proposed Rights Issue of ICPS with Warrants”).
In conjunction with the Proposed Rights Issue of ICPS with Warrants, the Company proposes to amend the Constitution of the Company to facilitate the creation of the ICPS pursuant to the Proposed Rights Issue of ICPS with Warrants (“Proposed Amendments”).
The Proposed Rights Issue of ICPS with Warrants and the Proposed Amendments are collectively referred to as the “Proposals”.
Kindly refer to the attachment for the details of the Proposals.
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Please refer attachment below.
Announcement Info
| Company Name | WZ SATU BERHAD |
| Stock Name | WZSATU |
| Date Announced | 18 Nov 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18112019-00078 |