NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 226,369,915 NEW ORDINARY SHARES IN MASTEEL ('RIGHTS SHARES") TOGETHER WITH UP TO 226,369,915 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ON A FULL SUBSCRIPTION BASIS ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
MALAYSIA STEEL WORKS (KL) BHD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL" OR "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 226,369,915 NEW ORDINARY SHARES IN MASTEEL ('RIGHTS SHARES") TOGETHER WITH UP TO 226,369,915 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING ORDINARY SHARES HELD IN MASTEEL TOGETHER WITH 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ON A FULL SUBSCRIPTION BASIS ("PROPOSED RIGHTS ISSUE WITH WARRANTS") |
On behalf of the Board of Directors of Masteel, M&A Securities Sdn Bhd wishes to announce that the Company is proposing to undertake the Proposed Rights Issue with Warrants.
Further details on the Proposed Rights Issue with Warrants are set out in the attachement below.
This announcement is dated 7 December 2020. |
Please refer attachment below.
Announcement Info
Company Name | MALAYSIA STEEL WORKS (KL) BHD |
Stock Name | MASTEEL |
Date Announced | 07 Dec 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-07122020-00087 |