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JADI

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING JADI IMAGING HOLDINGS BERHAD ("JADI" OR THE "COMPANY") SUBSCRIPTION BY STATIC CONTROL HOLDINGS LIMITED OF 94,170,040 NEW ORDINARY SHARES IN JADI ("SUBSCRIPTION SHARE(S)"), REPRESENTING 10.0% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF JADI (EXCLUDING TREASURY SHARES), AT AN ISSUE PRICE OF APPROXIMATELY RM0.13 PER SUBSCRIPTION SHARE ("SUBSCRIPTION")

JADI IMAGING HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
JADI IMAGING HOLDINGS BERHAD ("JADI" OR THE "COMPANY")

SUBSCRIPTION BY STATIC CONTROL HOLDINGS LIMITED OF 94,170,040 NEW ORDINARY SHARES IN JADI ("SUBSCRIPTION SHARE(S)"), REPRESENTING 10.0% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF JADI (EXCLUDING TREASURY SHARES), AT AN ISSUE PRICE OF APPROXIMATELY RM0.13 PER SUBSCRIPTION SHARE ("SUBSCRIPTION")

We refer to the announcements dated 13 August 2019 in relation to the Subscription. Unless otherwise defined, the definitions set out in the announcement dated 13 August 2019 shall apply herein.

 

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 15 August 2019, approved the listing of and quotation for 94,170,040 Subscription Shares to be issued pursuant to the Subscription, subject to the following conditions:-

 

(i)         JADI and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Subscription;

 

(ii)        JADI and UOBKH to inform Bursa Securities upon the completion of the Subscription; and

 

(iii)       UOBKH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Subscription is completed.

 

UOBKH wishes to announce that all the conditions precedent as set out in the Subscription Agreement have been satisfied in accordance with the terms of the Subscription Agreement. Accordingly, the Subscription Agreement in relation to the Subscription has become unconditional.

 

 

This announcement is dated 16 August 2019.






Announcement Info

Company Name JADI IMAGING HOLDINGS BERHAD
Stock Name JADI
Date Announced 16 Aug 2019
Category General Announcement for PLC
Reference Number GA1-16082019-00006