ECOFIRS

0.360

+0.005 (+1.4%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF ECOFIRST ("EXCLUDING TREASURY SHARES") IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT")

ECOFIRST CONSOLIDATED BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF ECOFIRST ("EXCLUDING TREASURY SHARES") IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT")

This announcement is dated 20 April 2021.

 

Reference is made to the Company’s announcements on 15 December 2020, 16 December 2020, 18 December 2020, 7 January 2021, 14 January 2021 and 15 January 2021 in relation to the Proposed Private Placement ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of the Board of Directors of EcoFirst (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Board has fixed the issue price for the 2nd tranche of EcoFirst Shares to be issued pursuant to the Proposed Private Placement at RM0.3547 per EcoFirst Share. The issue price represents a discount of approximately 10.0% to the five (5)-day volume weighted average market price of EcoFirst Shares up to and including 19 April 2021 (being the market day immediately before the price fixing date) of RM0.3941. (Source : Bloomberg)






Announcement Info

Company Name ECOFIRST CONSOLIDATED BHD
Stock Name ECOFIRS
Date Announced 20 Apr 2021
Category General Announcement for PLC
Reference Number GA1-15042021-00032