MAGMA

0.295

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MAGMA GROUP BERHAD ("MAGMA" OR "THE COMPANY") - UTILISATION OF PROCEEDS (PRIVATE PLACEMENT)

Amended Announcements
Please refer to the earlier announcement reference number: GA1-26052026-00041

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")
- UTILISATION OF PROCEEDS (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 DateIssuance Price (RM)No. of new Magma SharesProceeds Raised (RM)
26 February 20260.293039,252,90011,501,099
23 April 20260.265018,868,1005,000,047
   16,501,146

The status update on the utilisation of the proceeds raised from Private Placement is as follows:-

PurposeProposed Utilisation as per announcement dated 18 December 2025 (RM)Actual Utilisation (RM)Intended Timeframe for Utilisation

Balance as at 21 May 2026 based on the Proceeds Raised

(the latest practicable date which is not earlier than 7 days from the date of issuance of Q1 2026 results) (RM)

 

 

 

Remarks

Payment of property development cost, including contractors,consultants, project preliminaries and marketing expenses32,000,0009,385,223Within 36 months2,693,610 
Investment in Magma's hotel segment15,000,0001,800,000Within 24 months- 
Working Capital1,996,0001,967,347Within 24 months- 
Estimated expenses for the Proposed Notes1,100,000654,966Immediate- 
Total50,096,00013,807,536 2,693,610 

 

The balance unutilised proceeds of RM2,693,610 is being placed in bank.

 

This announcement is dated 3 June 2026.
 



Announcement Info

Company Name MAGMA GROUP BERHAD
Stock Name MAGMA
Date Announced 03 Jun 2026
Category General Announcement for PLC
Reference Number GA1-03062026-00101


View original announcement