NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MILUX CORPORATION BERHAD ("MILUX" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 8% OF THE TOTAL NUMBER OF ISSUED SHARES OF MILUX IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT")
| MILUX CORPORATION BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | MILUX CORPORATION BERHAD ("MILUX" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 8% OF THE TOTAL NUMBER OF ISSUED SHARES OF MILUX IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT") |
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This announcement is dated 18 December 2019.
Reference is made to the Company’s announcements in relation to the Proposed Private Placement and dated 3 December 2019, 4 December 2019 and 6 December 2019 ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.
On behalf of the Board of Directors of Milux (“Board”), Amlnvestment Bank Berhad ("Amlnvestment Bank") wishes to announce that the Board has fixed the issue price for the placement of 4,352,903 Milux Shares to be issued pursuant to the Proposed Private Placement at RM0.8000 per Milux Share. The issue price represents a discount of 5.88% to the five (5)-day volume weighted average market price of Milux Shares up to and including 17 December 2019 of RM0.8500 (Source: Bloomberg). |
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Announcement Info
| Company Name | MILUX CORPORATION BERHAD |
| Stock Name | MILUX |
| Date Announced | 18 Dec 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18122019-00016 |