PROPOSED PRIVATE PLACEMENT OF 294,146,000 NEW ORDINARY SHARES IN GPA HOLDINGS BERHAD ("GPA"), REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF GPA ("PROPOSED PRIVATE PLACEMENT")
| GPA HOLDINGS BERHAD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-09102020-00001 |
| Subject | PROPOSED PRIVATE PLACEMENT OF 294,146,000 NEW ORDINARY SHARES IN GPA HOLDINGS BERHAD ("GPA"), REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF GPA ("PROPOSED PRIVATE PLACEMENT") |
| Description | GPA HOLDINGS BERHAD ("GPA" OR THE "COMPANY")
(I) PROPOSED DIVERSIFICATION;
(II) PROPOSED PRIVATE PLACEMENT; AND
(III) PROPOSED ESOS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
| Query Letter Contents | We refer to your Company’s announcement dated 8 October 2020 in respect of the aforesaid matter.
1) Detailed reasons that lead to the termination of the Subscription Agreements. 2) Whether the termination of the Subscription Agreements will have any adverse impact to your Company’s proposed investment in glove business given that the original proceeds from the Proposed Private Placement via Subscription Agreements, were earmarked for this purpose.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully, Regulation Cc : Market Surveillance Dept. , Securities Commission (via fax) |
|
We refer to the Company's announcement made on 8 October 2020 and Bursa Malaysia Securities Berhad's letter dated 9 October 2020 requesting for additional information on the Proposed Private Placement.
Please refer to the attachment for the details.
This announcement is dated 12 October 2020. |
|
Please refer attachment below.
Announcement Info
| Company Name | GPA HOLDINGS BERHAD |
| Stock Name | GPA |
| Date Announced | 12 Oct 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12102020-00055 |