NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL ("MASTEEL SHARE(S)" OR "SHARE(S)"), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PRIVATE PLACEMENT")
| MALAYSIA STEEL WORKS (KL) BHD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MASTEEL ("MASTEEL SHARE(S)" OR "SHARE(S)"), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PRIVATE PLACEMENT") |
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We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the Company had on 12 February 2020 received a Subscription Notice from Macquarie Bank for the subscription of 950,000 Masteel Shares at a subscription price of RM0.353. This subscription price represents a discount of approximately 8.86% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 11 February 2020 of RM0.3873.
This announcement is dated 12 February 2020. |
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Announcement Info
| Company Name | MALAYSIA STEEL WORKS (KL) BHD |
| Stock Name | MASTEEL |
| Date Announced | 12 Feb 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12022020-00068 |