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") |
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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. |
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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 |