MHCARE

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING METRO HEALTHCARE BERHAD ("MHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20,065,000 NEW ORDINARY SHARES IN MHB ("MHB SHARES") ("PLACEMENT SHARES") REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN MHB ("PROPOSED PRIVATE PLACEMENT")

METRO HEALTHCARE BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
METRO HEALTHCARE BERHAD ("MHB" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 20,065,000 NEW ORDINARY SHARES IN MHB ("MHB SHARES") ("PLACEMENT SHARES") REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN MHB ("PROPOSED PRIVATE PLACEMENT")

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements dated 10 March 2020 and 11 March 2020).

 

We refer to the announcements dated 10 March 2020 and 11 March 2020 in relation to the Proposed Private Placement.

 

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities has, vide its letter dated 18 March 2020, noted that up to 20,065,000 new MHB Shares arising from the Proposed Private Placement will be listed on the LEAP Market in multiple tranches and on multiple dates within 6 months from the date of the application i.e. 11 March 2020.

 

The Board has on even date fixed the issue price for the first tranche of the Placement Share at RM0.90 each (“Issue Price”).

 

The Issue Price represents a discount of RM0.10 or 10% to the closing price of MHB Shares as at 17 March 2020 of RM1.00.

 

This announcement is dated 18 March 2020.






Announcement Info

Company Name METRO HEALTHCARE BERHAD
Stock Name MHCARE
Date Announced 18 Mar 2020
Category General Announcement for PLC
Reference Number GA1-18032020-00080