TRIVE

0.050

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TRIVE PROPERTY GROUP BERHAD (''TRIVE'' OR THE ''COMPANY'') PRIVATE PLACEMENT

TRIVE PROPERTY GROUP BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
TRIVE PROPERTY GROUP BERHAD (''TRIVE'' OR THE ''COMPANY'')

PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 8 November 2019 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements dated 8 November 2019, 26 November 2019, 24 December 2019, 6 March 2020 and 10 March 2020.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board has on to-date (“Price-fixing Date”) fixed the issue price for the placement of 100,000,000 Placement Shares at RM0.005 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 1.96% to the 5-day VWAP of Trive Shares up to and including 25 March 2020 of RM0.0051, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 26 March 2020.






Announcement Info

Company Name TRIVE PROPERTY GROUP BERHAD
Stock Name TRIVE
Date Announced 26 Mar 2020
Category General Announcement for PLC
Reference Number GA1-26032020-00063