NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING VOLCANO BERHAD ("VOLCANO" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 49,500,000 NEW ORDINARY SHARES IN THE COMPANY ("SHARES"), REPRESENTING UP TO 30% OF SHARES IN ISSUE (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED 30% PRIVATE PLACEMENT")
| VOLCANO BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | VOLCANO BERHAD ("VOLCANO" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 49,500,000 NEW ORDINARY SHARES IN THE COMPANY ("SHARES"), REPRESENTING UP TO 30% OF SHARES IN ISSUE (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED 30% PRIVATE PLACEMENT") |
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We refer to the announcements dated 15 March 2023, 17 March 2023 and 7 April 2023 in relation to the Proposed 30% 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 Company had resolved to revise the utilisation of proceeds from the Proposed 30% Private Placement.
Kindly refer to the attachment for full details of the announcement.
This announcement is dated 25 May 2023. |
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Please refer attachment below.
Announcement Info
| Company Name | VOLCANO BERHAD |
| Stock Name | VOLCANO |
| Date Announced | 25 May 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25052023-00082 |