NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING LUXCHEM CORPORATION BERHAD (''LUXCHEM'' OR THE ''COMPANY'') PROPOSED PRIVATE PLACEMENT OF UP TO 134,371,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING APPROXIMATELY 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER (''PROPOSED PRIVATE PLACEMENT'')
| LUXCHEM CORPORATION BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | LUXCHEM CORPORATION BERHAD (''LUXCHEM'' OR THE ''COMPANY'')
PROPOSED PRIVATE PLACEMENT OF UP TO 134,371,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING APPROXIMATELY 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER (''PROPOSED PRIVATE PLACEMENT'') |
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On behalf of the Board of Directors of the Company, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the private placement of up to 134,371,000 new ordinary shares in the Company, representing approximately 15% of the total number of issued shares of the Company, to independent third-party investors to be identified later and at an issue price to be determined later (“Proposed Private Placement”).
Please refer to the attachment for further details on the Proposed Private Placement.
This announcement is dated 14 December 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | LUXCHEM CORPORATION BERHAD |
| Stock Name | LUXCHEM |
| Date Announced | 14 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14122020-00088 |