LUXCHEM

0.535

-0.005 (-0.9%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING LUXCHEM CORPORATION BERHAD (''LUXCHEM'' OR THE ''COMPANY'') 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'')

PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 14 December 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the announcements dated 14 December 2020, 16 December 2020 and 17 December 2020 in relation to the Private Placement.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 75,000,000 Placement Shares at RM0.71 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 9.14% to the 5-day VWAP of the Shares up to and including 9 February 2021 of RM0.7814, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 10 February 2021.






Announcement Info

Company Name LUXCHEM CORPORATION BERHAD
Stock Name LUXCHEM
Date Announced 10 Feb 2021
Category General Announcement for PLC
Reference Number GA1-10022021-00154