PWORTH

0.100

-0.005 (-4.8%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN PWI ("PWI SHARES" OR "SHARES") ("PLACEMENT SHARES") OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

PRICEWORTH INTERNATIONAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") 

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN PWI ("PWI SHARES" OR "SHARES") ("PLACEMENT SHARES") OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

We refer to the announcements made on 25 October 2019, 29 October 2019, 15 November 2019, 19 November 2019, 24 April 2020, 12 May 2020, 22 June 2020 and 28 July 2020 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of PWI, Kenanga IB wishes to announce that the Board has on 11 August 2020 fixed the issue price for the third tranche of the placement of 109,492,200 Placement Shares at RM0.0300 each (“Issue Price”).

 

The Issue Price represents a discount of RM0.0033 or 9.91% to the 5-day volume weighted average market price of PWI Shares up to and including 10 August 2020 of RM0.0333 per PWI Share.

 

This announcement is dated 11 August 2020.






Announcement Info

Company Name PRICEWORTH INTERNATIONAL BERHAD
Stock Name PWORTH
Date Announced 11 Aug 2020
Category General Announcement for PLC
Reference Number GA1-03082020-00072