HANDAL

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PRIVATE PLACEMENT")

HANDAL ENERGY BERHAD

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

PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PRIVATE PLACEMENT")

(Unless otherwise defined, terms used in this announcement shall carry the same meanings as set out in the announcements dated 12 January 2021, 20 January 2021, 21 January 2021, 22 February 2021 and 8 March 2021 in relation to the Private Placement (“Announcements”))

Reference is made to the Company’s announcement dated 22 February 2021 pertaining to the price-fixing for the first tranche of the Private Placement comprising 13 million Placement Shares (“First Tranche Placement”).

On behalf of the Board of Directors of Handal, Alliance Investment Bank Berhad wishes to announce that the First Tranche Placement has been completed following the listing of and quotation for 9 million Placement Shares on the Main Market of Bursa Securities today.

The remaining 4 million Placement Shares of the First Tranche Placement were not placed out as the placees did not meet the payment requirement pursuant to Paragraph 6.13 of the Main Market Listing Requirements of Bursa Securities. A new placement price for the 4 million Placement Shares will be determined and announced later.

This announcement is dated 9 March 2021.






Announcement Info

Company Name HANDAL ENERGY BERHAD
Stock Name HANDAL
Date Announced 09 Mar 2021
Category General Announcement for PLC
Reference Number GA1-09032021-00076