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") |
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Abbreviations used herein shall be the same as those defined in the earlier announcements in relation to the Proposed Rights Issue with Warrants.
On behalf of the Board, M&A Securities wishes to announce that the listing application in relation to the Proposed Rights Issue with Warrants has been submitted to Bursa Securities.
This announcement is dated 29 December 2020. |
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Announcement Info
| Company Name | MALAYSIA STEEL WORKS (KL) BHD |
| Stock Name | MASTEEL |
| Date Announced | 29 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29122020-00072 |