NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING 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")
VSOLAR GROUP BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | 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") |
Unless otherwise defined, the definitions set out in the announcement dated 6 December 2019 shall apply herein.
Further to the announcement dated 6 December 2019, on behalf of the Board, M&A Securities Sdn Bhd wishes to announce that the listing application to Bursa Securities in relation to the Proposed Rights Issue with Warrants has been submitted on 9 January 2020.
The announcement is dated 9 January 2020. |
Announcement Info
Company Name | VSOLAR GROUP BERHAD |
Stock Name | VSOLAR |
Date Announced | 09 Jan 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-09012020-00014 |