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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MAGMA GROUP BERHAD ("MAGMA" OR "THE COMPANY")
- PRIVATE PLACEMENT
MAGMA GROUP BERHAD
Type
Announcement
Subject
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MAGMA GROUP BERHAD ("MAGMA" OR "THE COMPANY")
- PRIVATE PLACEMENT
References are made to the announcements dated 5 December 2025, 8 December 2025, 18 December 2025, 7 January 2026, 20 February 2026, 27 February 2026, 17 April 2026 and 27 April 2026 in relation to the Corporate Exercises ("Announcements"). Unless otherwise defined, the definitions used herein shall have the same meanings as defined in the Announcements.
As at the date hereof, the following Placement Shares were issued pursuant to the Private Placement:-
Issuance Date
Issuance Price (RM)
No. of new Magma Shares
Proceeds Raised (RM)
26 February 2026
0.2930
39,252,900
11,501,099
23 April 2026
0.2650
18,868,100
5,000,047
The status update on the utilisation of the proceeds raised from Private Placement is as follows:-
Purpose
Proposed Utilisation RM'000
Actual Utilisation RM'000
Intended Timeframe for Utilisation
Balance as at 21 May 2026
(the latest practicable date which is not earlier than 7 days from the date of issuance of Q1 2026 results)
RM'000
Remarks
Payment of property development cost, including contractors,consultants, project preliminaries and marketing expenses
32,000
9,385
Within 36 months
22,615
Investment in Magma's hotel segment
15,000
1,800
Within 24 months
13,200
Working Capital
1,996
1,967
Within 24 months
29
Estimated expenses for the Proposed Notes
1,100
655
Immediate
445
Total
50,096
13,807
36,289
The balance unutilised proceeds of RM2,300,000 is being placed in bank.