JERASIA

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MULTIPLE PROPOSALS JERASIA CAPITAL BERHAD ("JERASIA" OR "COMPANY") (I) PROPOSED SUPPLY ARRANGEMENT; (II) PROPOSED DIVERSIFICATION; (III) PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN JERASIA; AND (IV) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY, THE "PROPOSALS")

JERASIA CAPITAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
JERASIA CAPITAL BERHAD ("JERASIA" OR "COMPANY")

(I)    PROPOSED SUPPLY ARRANGEMENT;
(II)   PROPOSED DIVERSIFICATION;
(III)  PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN JERASIA; AND 
(IV)  PROPOSED RIGHTS ISSUE WITH WARRANTS

(COLLECTIVELY, THE "PROPOSALS")

Reference is made to the announcements dated 10 August 2020 and 6 October 2020 (“Initial Announcements”), on behalf of the Board of Directors of Jerasia (“Board”), M&A Securities Sdn Bhd wishes to announce that the Company intends revised the Initial Announcements and to undertake the following Proposals:-

 

(I)    Proposed arrangement for the supply of gloves pursuant to the conditional offtake agreement dated 29 January 2021 between Jerasia and Golden Global Trading & Healthcare Sdn Bhd (“Golden Global”) (“Offtake Agreement”) (“Proposed Supply Arrangement”);

 

(II)    Proposed diversification of Jerasia’s existing business into manufacture and trading of latex and nitrile examination gloves (“Gloves Business”) (“Proposed Diversification”);

 

(III)   Proposed private placement of up to 30% of the issued ordinary shares of Jerasia (“Jerasia Shares”) to independent third party investor(s) to be identified at an issue price to be determined and announced at a later date (“Proposed Private Placement”); and

 

(IV)   Proposed renounceable rights issue of up to 746,619,636 new ordinary shares in Jerasia (“Rights Shares”) together with up to 426,639,792 free detachable warrants (“Warrants”) on the basis of 7 Rights Shares together with 4 Warrants for every one existing Jerasia Share held by the entitled shareholders on an entitlement date (“Entitled Shareholders”) (“Entitlement Date”) to be determined later (“Proposed Rights Issue with Warrants”).

 

Further information on the Proposals is disclosed in the attachment herein.

 

 

This announcement is dated 29 January 2021.




Please refer attachment below.

Attachments

Jerasia - Proposals.pdf
491.6 kB



Announcement Info

Company Name JERASIA CAPITAL BERHAD
Stock Name JERASIA
Date Announced 29 Jan 2021
Category General Announcement for PLC
Reference Number GA1-29012021-00140