NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING FEDERAL INTERNATIONAL HOLDINGS BERHAD ("FIHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN FIHB ("PROPOSED PRIVATE PLACEMENT")
| FEDERAL INTERNATIONAL HOLDINGS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | FEDERAL INTERNATIONAL HOLDINGS BERHAD ("FIHB" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN FIHB ("PROPOSED PRIVATE PLACEMENT") |
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On behalf of the Board of Directors of FIHB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.
The Proposed Private Placement will be undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 (“Act”) which was obtained from the shareholders of FIHB at its 37th Annual General Meeting (“AGM”) held on 17 December 2020 (“General Mandate”). The General Mandate authorises the Board to allot and issue new shares in FIHB not exceeding 10% of the total number of issued shares in FIHB, which shall remain in force until FIHB’s next AGM (unless revoked or varied by the Company at a general meeting prior to the next AGM) or expiry of the period within which the next AGM of the Company is required to be held, whichever is earlier.
Kindly refer to the attachment for further details of the Proposed Private Placement. |
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Please refer attachment below.
Announcement Info
| Company Name | FEDERAL INTERNATIONAL HOLDINGS BERHAD |
| Stock Name | FIHB |
| Date Announced | 11 Feb 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11022021-00032 |