TNLOGIS

0.760

+0.01 (+1.3%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TIONG NAM LOGISTICS HOLDINGS BERHAD ("TIONG NAM" OR THE "COMPANY") PROPOSED ISSUANCE OF 67,050,000 NEW ORDINARY SHARES IN TIONG NAM ("TIONG NAM SHARES") ("SUBSCRIPTION SHARES") AT ISSUE PRICE OF RM0.4354 PER SUBSCRIPTION SHARE ("PROPOSED SHARE ISSUANCE")

TIONG NAM LOGISTICS HOLDINGS BERHAD

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

PROPOSED ISSUANCE OF 67,050,000 NEW ORDINARY SHARES IN TIONG NAM ("TIONG NAM SHARES") ("SUBSCRIPTION SHARES") AT ISSUE PRICE OF RM0.4354 PER SUBSCRIPTION SHARE ("PROPOSED SHARE ISSUANCE")

We refer to the announcements dated 12 October 2020, 21 October 2020 and 2 November 2020 in relation to the Proposed Share Issuance (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, AmInvestment Bank wishes to announce that Bursa Securities had, vide its letter dated 11 November 2020, approved the listing and quotation of up to 67,050,000 new Tiong Nam Shares to be issued pursuant to the Proposed Share Issuance on the Main Market of Bursa Securities subject to the following conditions:

 

(i) Tiong Nam and AmInvestment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Share Issuance;

 

(ii) Tiong Nam and AmInvestment Bank are required to inform Bursa Securities upon the completion of the Proposed Share Issuance;

 

(iii) Tiong Nam and AmInvestment Bank are required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share Issuance is completed;

 

(iv) Tiong Nam is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed Share Issuance; and

 

(v) AmInvestment Bank must submit to Bursa Securities details of the placee in accordance with Paragraph 6.15 of the LR as soon as practicable before the listing of the new shares to be issued pursuant to the Proposed Share Issuance.

 

This announcement is dated 12 November 2020.






Announcement Info

Company Name TIONG NAM LOGISTICS HOLDINGS BERHAD
Stock Name TNLOGIS
Date Announced 12 Nov 2020
Category General Announcement for PLC
Reference Number GA1-12112020-00010