NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING EASTLAND EQUITY BHD. ("EASTLAND" OR "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN EASTLAND TOGETHER WITH FREE DETACHABLE WARRANTS IN EASTLAND TO THE ENTITLED SHAREHOLDERS OF EASTLAND, ON A BASIS AND ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER TO RAISE GROSS PROCEEDS OF APPROXIMATELY RM80.0 MILLION ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
| EASTLAND EQUITY BHD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | EASTLAND EQUITY BHD. ("EASTLAND" OR "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN EASTLAND TOGETHER WITH FREE DETACHABLE WARRANTS IN EASTLAND TO THE ENTITLED SHAREHOLDERS OF EASTLAND, ON A BASIS AND ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER TO RAISE GROSS PROCEEDS OF APPROXIMATELY RM80.0 MILLION ("PROPOSED RIGHTS ISSUE WITH WARRANTS") |
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On behalf of the Board of Directors of the Company, Malacca Securities Sdn. Bhd. wishes to announce that the Company proposes to undertake a renounceable rights issue of new ordinary shares in Eastland together with free detachable warrants in Eastland to the entitled shareholders of Eastland, on a basis and issue price to be determined and announced later to raise gross proceeds of approximately RM80.0 million ("Proposed Rights Issue with Warrants").
Further details of the Proposed Rights Issue with Warrants are set out in the enclosed attachment.
This announcement is dated 12 October 2021.
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Please refer attachment below.
Announcement Info
| Company Name | EASTLAND EQUITY BHD |
| Stock Name | EASTLND |
| Date Announced | 12 Oct 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08102021-00027 |