SKBSHUT

0.595

+0.005 (+0.8%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SKB SHUTTERS CORPORATION BERHAD ("SKB" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 4,000,000 NEW ORDINARY SHARES IN SKB ("SKB SHARES" OR "SHARES") (PLACEMENT SHARES), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SKB (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

SKB SHUTTERS CORPORATION BERHAD

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

PRIVATE PLACEMENT OF UP TO 4,000,000 NEW ORDINARY SHARES IN SKB ("SKB SHARES" OR "SHARES") (PLACEMENT SHARES), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SKB (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

We refer to the announcements made on 18 May 2021, 20 May 2021 and 28 May 2021 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Board has on 15 June 2021 (“Price Fixing Date”) fixed the issue price for 4,000,000 new Placement Shares at RM1.08 each (“Issue Price”).
The Issue Price represents a discount of approximately RM0.1155 or 9.66% to the 5-day volume weighted average market price of SKB Shares up to and including 14 June 2021, being the last trading date immediately preceding the Price Fixing Date of RM1.1955 per SKB Share.
The payment from the placee(s) is expected to be received within five (5) market days from the date of this announcement.
This announcement is dated 15 June 2021.






Announcement Info

Company Name SKB SHUTTERS CORPORATION BERHAD
Stock Name SKBSHUT
Date Announced 15 Jun 2021
Category General Announcement for PLC
Reference Number GA1-15062021-00124