NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,317,950,973 NEW VSOLAR SHARES ("RIGHTS SHARES") TOGETHER WITH UP TO 878,633,982 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING VSOLAR SHARE HELD TOGETHER WITH 2 FREE WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
VSOLAR GROUP BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,317,950,973 NEW VSOLAR SHARES ("RIGHTS SHARES") TOGETHER WITH UP TO 878,633,982 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING VSOLAR SHARE HELD TOGETHER WITH 2 FREE WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS") |
On behalf of the Board, M&A Securities Sdn Bhd wishes to announce that the Company proposes to undertake a proposed renounceable rights issue of up to 1,317,950,973 new Vsolar Shares (“Rights Shares”) together with up to 878,633,982 free detachable warrants (“Warrants”) on the basis of 3 Rights Shares for every 1 existing Vsolar Share held together with 2 free Warrants for every 3 Rights Shares subscribed at an entitlement date to be determined later (“Entitlement Date”) (“Proposed Rights Issue with Warrants”).
For avoidance of doubt, the Proposed Rights Issue with Warrants shall supersede the rights issue exercise in the circular to shareholders dated 27 February 2018.
Please refer to the attachment for further details.
The announcement is dated 6 December 2019. |
Please refer attachment below.
Announcement Info
Company Name | VSOLAR GROUP BERHAD |
Stock Name | VSOLAR |
Date Announced | 06 Dec 2019 |
Category | General Announcement for PLC |
Reference Number | GA1-06122019-00069 |