BINACOM

0.260

-0.01 (-3.7%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN BINASAT ("BINASAT SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

BINASAT COMMUNICATIONS BERHAD

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

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN BINASAT ("BINASAT SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")
We refer to the announcements dated 14 October 2021, 15 October 2021, 29 October 2021, 1 November 2021, 3 November 2021, 16 November 2021, 19 November 2021, 26 November 2021, 10 December 2021 and 20 December 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 Private Placement has been completed on 21 December 2021 following the listing of 22,069,200 Placement Shares (being third and final tranche of the Placement Shares) on the ACE Market of Bursa Securities on 21 December 2021.

The Company wishes to inform that a total of 64,715,900 Binasat Shares were issued under the Private Placement and the Company has raised a total gross proceeds of RM19,557,692.10 from the Private Placement.

This announcement is dated 21 December 2021.





Announcement Info

Company Name BINASAT COMMUNICATIONS BERHAD
Stock Name BINACOM
Date Announced 21 Dec 2021
Category General Announcement for PLC
Reference Number GA1-16122021-00075