NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KINERGY ADVANCEMENT BERHAD ("KAB" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 198,634,288 NEW ORDINARY SHARES IN KAB ("KAB SHARES" OR "SHARES"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 ("PRIVATE PLACEMENT")
| KINERGY ADVANCEMENT BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | KINERGY ADVANCEMENT BERHAD ("KAB" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 198,634,288 NEW ORDINARY SHARES IN KAB ("KAB SHARES" OR "SHARES"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 ("PRIVATE PLACEMENT") |
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Reference is made to the Company’s earlier announcement dated 20 June 2024, 21 June 2024, 27 June 2024, 12 July 2024, 19 July 2024, 27 November 2024, 5 December 2024, 6 December 2024, 13 December 2024, 20 December 2024, 23 December 2024, 10 January 2025, 8 April 2025, 17 April 2025 and 18 April 2025 in relation to the Private Placement (“Earlier Announcements”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.
On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 18 July 2025 resolved to grant KAB a further extension of time of 3 months until 18 October 2025 to complete the implementation of the Private Placement.
This announcement is dated 18 July 2025. |
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Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 18 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18072025-00055 |