TOYOVEN

2.380

-0.01 (-0.4%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES IN TVHB ("PRIVATE PLACEMENT")

TOYO VENTURES HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES IN TVHB ("PRIVATE PLACEMENT")

We refer to the Company’s announcement dated 5 February 2021 and its subsequent announcements in relation to the Private Placement.

 

On 29 March 2021, the Board has fixed the issue price for 10,700,000 Placement Shares at RM2.35 per Placement Share. Pursuant to Paragraph 6.13 of the Main Market Listing Requirements, the payment for the Placement Shares must be made by the placees within five (5) market days from the price-fixing date, i.e., by 5 April 2021 (“Payment Deadline”). As at the Payment Deadline, the payment for 4,250,000 Placement Shares out of the total 10,700,000 Placement Shares has not been received and hence, the Company has decided to proceed with the placement of 6,450,000 Placement Shares at RM2.35 per Placement Share, whilst the placement for the said 4,250,000 Placement Shares will lapse. Depending on the market conditions and the timing of identifying suitable placee(s), the Board shall fix the issue price for the remaining Placement Shares at a later date.

 

 

This announcement is dated 5 April 2021.






Announcement Info

Company Name TOYO VENTURES HOLDINGS BERHAD
Stock Name TOYOVEN
Date Announced 05 Apr 2021
Category General Announcement for PLC
Reference Number GA1-05042021-00102