YONGTAI

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING YONG TAI BERHAD ("YTB" OR "COMPANY") ISSUANCE OF UP TO 180,000,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YTB ("RCPS") AT AN ISSUE PRICE OF RM1.00 PER RCPS ("ISSUANCE OF RCPS")

YONG TAI BERHAD

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

ISSUANCE OF UP TO 180,000,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YTB ("RCPS") AT AN ISSUE PRICE OF RM1.00 PER RCPS ("ISSUANCE OF RCPS")

Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in YTB’s announcements dated 28 October 2021, 5 November 2021, 17 November 2021, 29 November 2021, 30 November 2021, 22 December 2021, 10 January 2022 and 17 January 2022 in relation to the Issuance of RCPS.

 

The Board of Directors of YTB wishes to announce that the Subscriber has agreed to subscribe for 4 equal sub-tranches of Tranche 1 comprising 2,000,000 RCPS with a principal amount of RM2,000,000 on 15 April 2022. The parties to the Subscription Agreement have agreed that the targeted closing date of such RCPS issuance shall be 22 April 2022. 

 

This announcement is dated 15 April 2022. 






Announcement Info

Company Name YONG TAI BERHAD
Stock Name YONGTAI
Date Announced 15 Apr 2022
Category General Announcement for PLC
Reference Number GA1-15042022-00048