NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KEY ALLIANCE GROUP BERHAD ("KAG" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF KAG ("PROPOSED PRIVATE PLACEMENT")
| KEY ALLIANCE GROUP BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | KEY ALLIANCE GROUP BERHAD ("KAG" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF KAG ("PROPOSED PRIVATE PLACEMENT") |
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Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement. We refer to the earlier announcements dated 21 February 2020, 25 February 2020, 6 March 2020 and 9 March 2020 in relation to the Proposed Private Placement. On behalf of the Board, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that the Board had on 6 April 2020 resolved to fix the issue price for the Private Placement at RM0.0135 per Placement Share. The issue price of RM0.0135 per Placement Share represents a discount of 10% to the 5-day VWAP of KAG Shares of RM0.0150 up to and including 3 April 2020, being the last traded day of KAG Shares immediately preceding the price-fixing date.
This announcement is dated 6 April 2020. |
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Announcement Info
| Company Name | KEY ALLIANCE GROUP BERHAD |
| Stock Name | KGROUP |
| Date Announced | 06 Apr 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06042020-00071 |