NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MESB BERHAD ("MESB" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED SHARE CAPITAL OF MESB TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED AT A LATER DATE ("PRIVATE PLACEMENT")
| MESB BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | MESB BERHAD ("MESB" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED SHARE CAPITAL OF MESB TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED AT A LATER DATE ("PRIVATE PLACEMENT") |
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We refer to the Company’s announcement dated 10 October 2019 and its subsequent announcements in relation to the Private Placement.
On behalf of the Board of Directors of MESB, KAF Investment Bank Berhad is pleased to announce that the Company has fixed the issue price for the second tranche of the Private Placement comprising 15,000,000 Placement Shares at RM0.22 per Placement Share. The said issue price of RM0.22 per Placement Share represents a discount of approximately 8.60% from the five (5)-day volume weighted average market price of MESB Shares up to and including 9 September 2020 of approximately RM0.2407 per MESB Share.
This announcement is dated 10 September 2020.
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Announcement Info
| Company Name | MESB BERHAD |
| Stock Name | MESB |
| Date Announced | 10 Sep 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10092020-00074 |