ECONBHD

0.490

-0.025 (-4.9%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING ECONPILE HOLDINGS BERHAD ("ECONPILE" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF ECONPILE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT")

ECONPILE HOLDINGS BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF ECONPILE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement.

We refer to the earlier announcements dated 15 September 2020 and 21 September 2020 in relation to the Proposed Private Placement.

On behalf of the Board, UOB Kay Hian wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 24 September 2020, resolved to approve the listing of and quotation for up to 160,500,003 Econpile Shares to be issued pursuant to the Proposed Private Placement, on the Main Market of Bursa Securities subject to the following conditions:-

i. Econpile and UOB Kay Hian must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Private Placement;

ii. Econpile and UOB Kay Hian to inform Bursa Securities upon the completion of the Proposed Private Placement;

iii. Econpile to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed;

iv. Econpile/ UOB Kay Hian to furnish Bursa Securities with a certified true copy of the new resolution passed by the shareholders pursuant to the Sections 75 and 76 of the Companies Act, 2016, in the event the existing authority has expired prior to the full implementation of the Proposed Private Placement; and

v. If applicable, payment of additional listing fee based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable.

 

This announcement is dated 24 September 2020.






Announcement Info

Company Name ECONPILE HOLDINGS BERHAD
Stock Name ECONBHD
Date Announced 24 Sep 2020
Category General Announcement for PLC
Reference Number GA1-24092020-00066