JERASIA

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MULTIPLE PROPOSALS JERASIA CAPITAL BERHAD ("JERASIA" OR "COMPANY") (I) PROPOSED SUPPLY ARRANGEMENT; (II) PROPOSED DIVERSIFICATION; (III) PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN JERASIA; AND (IV) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

JERASIA CAPITAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
JERASIA CAPITAL BERHAD ("JERASIA" OR "COMPANY") 

(I)	PROPOSED SUPPLY ARRANGEMENT; 
(II)	PROPOSED DIVERSIFICATION; 
(III)	PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN JERASIA; AND 
(IV)	PROPOSED RIGHTS ISSUE WITH WARRANTS 

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 29 January 2021.)

 

Reference is made to the announcements dated 29 January 2021 in relation to the Proposals and 26 March 2021 in relation to the incorporation of a joint venture company. On behalf of the Board of Directors of Jerasia, M&A Securities wishes to announce that the Company is in negotiations on a new business arrangement to undertake its Gloves Business which may result in variations to the Proposed Supply Arrangement and its funding requirement. Further revisions to the Proposals will be announced in due course and as such, the application for the Proposals will not be submitted to the authorities at this juncture.

 

This announcement is dated 26 March 2021.






Announcement Info

Company Name JERASIA CAPITAL BERHAD
Stock Name JERASIA
Date Announced 26 Mar 2021
Category General Announcement for PLC
Reference Number GA1-26032021-00061