BPURI

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BINA PURI HOLDINGS BHD ("BINA PURI" OR THE "COMPANY") (I) PROPOSED PRIVATE PLACEMENT (II) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS "PROPOSALS")

BINA PURI HOLDINGS BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
BINA PURI HOLDINGS BHD ("BINA PURI" OR THE "COMPANY")

(I)   PROPOSED PRIVATE PLACEMENT 
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS 

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

On behalf of the Board of Directors of Bina Puri, M & A Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:

 

(a)       private placement of 479,293,900 new ordinary shares in Bina Puri (“Shares” or “Bina Puri Shares”), representing 30% of the existing number of issued Bina Puri Shares, to independent investor(s) to be identified (“Proposed Private Placement”); and

 

(b)      renounceable rights issue of up to 1,659,793,300 new Bina Puri Shares (“Rights Shares”) together with up to 331,958,660 free detachable warrants (“Warrant(s) B”) on the basis of 2 Rights Shares for every 3 existing Bina Puri Shares held together with 1 Warrant B for every 5 Rights Shares subscribed on an entitlement date to be determined later (“Proposed Rights Issue with Warrants”).

 

Kindly refer to the attachment on further details of the Proposals.

 

This announcement is dated 21 June 2022.




Please refer attachment below.



Announcement Info

Company Name BINA PURI HOLDINGS BHD
Stock Name BPURI
Date Announced 21 Jun 2022
Category General Announcement for PLC
Reference Number GA1-20062022-00057