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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MINDA GLOBAL BERHAD ("MINDA GLOBAL" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 123,990,500 NEW ORDINARY SHARES IN MINDA GLOBAL, REPRESENTING UP TO APPROXIMATELY 10% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF MINDA GLOBAL ("PRIVATE PLACEMENT")

MINDA GLOBAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MINDA GLOBAL BERHAD ("MINDA GLOBAL" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 123,990,500 NEW ORDINARY SHARES IN MINDA GLOBAL, REPRESENTING UP TO APPROXIMATELY 10% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF MINDA GLOBAL ("PRIVATE PLACEMENT")

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 31 December 2020 in relation to the Private Placement (“First Announcement”), where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the announcements dated 31 December 2020, 14 January 2021 and 15 January 2021 in relation to the Private Placement.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board had on 2 March 2021 (“Price-fixing Date”) fixed the issue price for the first tranche of the Private Placement at RM0.06 per Placement Share (“Issue Price”).

 

The Issue Price represents a premium of approximately 2.21% to the 5-day VWAP of the Shares up to and including 1 March 2021 of RM0.0587, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 2 March 2021.






Announcement Info

Company Name MINDA GLOBAL BERHAD
Stock Name MINDA
Date Announced 02 Mar 2021
Category General Announcement for PLC
Reference Number GA1-02032021-00045