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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIAN LENG HOLDINGS BERHAD ("XIANLNG" OR THE" COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED ORDINARY SHARES IN XIANLNG

XIAN LENG HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
XIAN LENG HOLDINGS BERHAD ("XIANLNG" OR THE" COMPANY")

PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED ORDINARY SHARES IN XIANLNG

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 2 February 2021 in relation to the Private Placement (“Announcement”)

 

On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 4 February 2021, approved the listing of and quotation for up to 15,911,300 new ordinary shares in Xianlng to be issued pursuant to the Private Placement, subject to the following conditions:-

 

(a) Xianlng and M&A Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement; 

 

(b) Xianlng and M&A Securities are required to inform Bursa Securities upon the completion of the Private Placement;

 

(c) Xianlng is required to furnish Bursa Securities with a written confirmation   of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed;

 

(d) M&A Securities is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new Shares to be issued pursuant to the Private Placement; and

 

(e) In the event the Private Placement is not completed before the next Annual General Meeting, Xianlng is required to furnish a certified true copy of the resolution passed by Xianlng’s shareholders for a general mandate under Sections 75 & 76 of the Companies Act, 2016 at Xianlng’s forthcoming Annual General Meeting

 

 

This announcement is dated 4 February 2021.

 

 






Announcement Info

Company Name XIAN LENG HOLDINGS BERHAD
Stock Name XIANLNG
Date Announced 04 Feb 2021
Category General Announcement for PLC
Reference Number GA1-04022021-00085