BINTAI

0.080

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BINTAI KINDEN CORPORATION BERHAD ("BINTAI" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN BINTAI

BINTAI KINDEN CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
BINTAI KINDEN CORPORATION BERHAD ("BINTAI" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN BINTAI

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Private Placement.

 

On behalf of the Board, M&A Securities wishes to announce that the Company has fixed the issue price of the first tranche of the Placement Shares at RM0.0715 each.

 

The aforementioned issue price of RM0.0715 per Placement Share represents a discount of approximately RM0.0074 or 9.38% from the five (5)-day weighted average market price of the Company from 9 March 2023 to 15 March 2023 of approximately RM0.0789 per Share.

 

This announcement is dated 16 March 2023.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 16 Mar 2023
Category General Announcement for PLC
Reference Number GA1-16032023-00049