NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING RED IDEAS HOLDINGS BERHAD ("RIHB" OR "COMPANY") PROPOSED SUBSCRIPTION BY GAN YEE HIN ("GYH" OR "SUBSCRIBER") OF 5,000,000 NEW ORDINARY SHARES IN RIHB ("RIHB SHARE(S)" OR "SHARE(S)") ("SUBSCRIPTION SHARES(S)"), REPRESENTING APPROXIMATELY 4.99% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF RIHB, AT AN ISSUE PRICE OF RM0.80 PER SUBSCRIPTION SHARE ("PROPOSED SUBSCRIPTION")
| RED IDEAS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | RED IDEAS HOLDINGS BERHAD ("RIHB" OR "COMPANY")
PROPOSED SUBSCRIPTION BY GAN YEE HIN ("GYH" OR "SUBSCRIBER") OF 5,000,000 NEW ORDINARY SHARES IN RIHB ("RIHB SHARE(S)" OR "SHARE(S)") ("SUBSCRIPTION SHARES(S)"), REPRESENTING APPROXIMATELY 4.99% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF RIHB, AT AN ISSUE PRICE OF RM0.80 PER SUBSCRIPTION SHARE ("PROPOSED SUBSCRIPTION") |
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On behalf of the Board of Directors of RIHB, M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that Company had on 22 October 2019 entered into a subscription agreement with Gan Yee Hin (“GYH” or “Subscriber”) for the proposed subscription by GYH of 5,000,000 Subscription Shares, representing 4.99% of the existing total number of issued ordinary shares of RIHB, for a total cash consideration of approximately RM4,000,000 which is equivalent to an issue price of approximately RM0.80 per Subscription Share.
Further details on the Proposed Subscription are set out in the attachment below.
This announcement is dated 22 October 2019. |
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Please refer attachment below.
Announcement Info
| Company Name | RED IDEAS HOLDINGS BERHAD |
| Stock Name | REDIDEA |
| Date Announced | 22 Oct 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22102019-00052 |