TWL

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR "COMPANY") PROPOSED RIGHTS ISSUE

TWL HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR "COMPANY") 

PROPOSED RIGHTS ISSUE

(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the announcements to shareholders dated 16 August 2022 and 2 November 2022 in relation to the Proposed Rights Issue)

 

We refer to the announcements dated 16 August 2022, 26 August 2022, 2 November 2022 and 9 November 2022 in relation to the Proposed Rights Issue.

 

On behalf of the Board, Kenanga IB wishes to announce that the SC had, vide its letter dated 12 December 2022, granted its approval under Section 214(1) of the Capital Markets & Services Act 2007 for the application for the proposed renounceable rights issue of up to RM114,475,239 in nominal value of 5-year 5% redeemable convertible unsecured loan stocks with free detachable warrants, subject to the compliance with the standard conditions and continuing obligations as stipulated in the Guidelines on Issuance of Corporate Bonds and Sukuk to Retail Investors issued by the SC.

 

This announcement is dated 12 December 2022.






Announcement Info

Company Name TWL HOLDINGS BERHAD
Stock Name TWL
Date Announced 12 Dec 2022
Category General Announcement for PLC
Reference Number GA1-12122022-00060