NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 309,645,300 NEW ORDINARY SHARES IN WIDAD
| WIDAD GROUP BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | WIDAD GROUP BERHAD ("WIDAD" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 309,645,300 NEW ORDINARY SHARES IN WIDAD |
|
Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those used in the Company’s announcements in relation to the Private Placement.
Reference is made to the announcement dated 3 April 2025, whereby Bursa Securities had vide its letter dated 3 April 2025, resolved to grant Widad an extension of time of 6 months until 19 September 2025 to implement the Private Placement (“EOT Approval”).
On behalf of the Board of Widad, M & A Securities is pleased to announce that the EOT Approval had lapsed on 19 September 2025.
Under the Private Placement, the Company had completed the listing of 24,700,000 Placement Shares on 27 January 2025, on the ACE Market of Bursa Securities.
Further to the above, the Company has decided not to place out the remaining Placement Shares of the Private Placement and as such the Private Placement is deemed completed upon the expiry of the EOT Approval.
This announcement is dated 19 September 2025. |
|
Announcement Info
| Company Name | WIDAD GROUP BERHAD |
| Stock Name | WIDAD |
| Date Announced | 19 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19092025-00013 |